* Debt: The first five thousands years

* Brendan Moynihan: Ivory tower gives Wall Street its worst ideas

* Mike Butcher says that proposed EU regs could “kill off European VC and screw startups.”

* Morning Call: U.S. futures point higher, London rises early, European shares climb, the Nikkei falls 1.3% and Hong Kong retreats

* Why Detroit is worth saving: Q&A with David Egner of Detroit’s New Economy Initiative

* Chris O’Brien: How Ron Conway became Silicon Valley’s most influential startup investor

* The old gang is back together: Steve Rattner reuinites with his former Quadrangle Asset Management pals to form Willett Advisors.

* Kim-Mai Cutler discusses how DST gets the hottest late-round VC deals. Unfortunately, she doesn’t delve into the BIG question: How much money does DST really have, and where is it coming from?

* Tweet of the Day: @pakman: OH: “Apparently it was the last wish of the Icelandic economy that its ashes be spread over Europe.”

* Index Ventures introduces/formalizes its seed program

* The ultimate Goldman Sachs metaphor reel:

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