Black Swan Seed Rounds
I don't think black swan is an appropriate title. This investing is more like when a small group of people split a large powerball jackpot; statistically unlikely, but not really fitting the definition of a black swan (at least as proposed by Taleb).<p>His rules:<p>1. The disproportionate role of high-profile, hard-to-predict, and rare events that are beyond the realm of normal expectations in history, science, finance, and technology.<p>2. The non-computability of the probability of the consequential rare events using scientific methods (owing to the very nature of small probabilities).<p>3. The psychological biases that make people individually and collectively blind to uncertainty and unaware of the massive role of the rare event in historical affairs.<p><a href="http://en.wikipedia.org/wiki/Black_swan_theory" rel="nofollow">http://en.wikipedia.org/wiki/Black_swan_theory</a><p>On a related note, Antifragile is a fun read. Taleb is extremely sure of himself, and extremely passionate. His books and ideas (culminating in Antifragile) can be pretty seductive in the moment.