peHUB First Read

Some links to kick off your Wednesday:

* From Super Return: David Rubenstein of Carlyle. Jon Moulton of Alchemy. Leon Shahanian of CalPERS.

* Michael Arrington on the backstage drama and stupidity that led DivX to shutter Stage6. Arrington notes how venture capitalists once offered to carve Stage6 out of DivX, and leave the former parent with a 20% ownership stake. But the DivX board apparently had a last-minute change of heart, and now the whole effort is scrapped. As a quick addendum, it’s worth noting that the DivX board is stacked with other VCs…

* The family origins of modern private equity.

* How the credit crunch is squeezing small and mid-sized banks.

 * Yelp reportedly raises $15 million at a $200 million valuation. Remember when Web 2.0 companies came cheap and sold fast? I thought that was the reason VCs were doing them in the first place. This is beginning to look like telecom circa 2000.