Yes, it's a breakfast cone

* Barry Ritholtz: The letter that Warren Buffett should have written.

* Brad Feld: What percentage of 2010 seed deals won’t raise another round?

* Gold rush: Russia agrees to privatize $32 billion worth of assets over the next three years

* If Harrah’s is unable to price its IPO today, the whole thing might be scrapped. Maybe they should have used some proceeds to pay down debt…

* Morning Call: U.S. futures point higher on Irish debt optimism, London rises earlyEuropean shares climb and the Nikkei gains more than 2%.

* Mark Suster: Invest in lines, not dots

* Seems some automaker went pubic last night. No, it’s not the largest IPO on record.

 * How were the NetApp NTAP earnings leaked early? Bloomberg guessed a web address.

* Ikaria investor talks about the company’s future, after last week’s failed IPO.

* 3i Group chief Michael Queen: The private equity industry has “failed spectacularly” to invest in down markets.

* Seems that Kellogg’s Frosted Mini-Wheats were the subject of a class action lawsuit, which has been settled with no one admitting deliciousness.

* Tweet of the Day: @
 Waiting for @SarahPalinUSA to tell us about the CPI’s well-known liberal bias

* Video 1: John Doerr and Fred Wilson chat at the Web 2.0 Summit:

* Video 2: Peter Thiel speaks at the MIT Enterprise Forum on Tuesday night (here’s a summary):