First of all, please don't be uncivil in this way. Second, grellas didn't say this company was worth $1B. He said that based on the founders' track record ther

First of all, please don't be uncivil in this way. Second, grellas didn't say this company was worth $1B. He said that based on the founders' track record there was a "reasonable prospect" of it. "Reasonable" here presumably means in the judgment of experienced observers. Like who? Maybe like grellas, who has been a startup lawyer for decades and consistently posts some of the most informed comments on this subject. The point he was making is nuanced, and the example was obviously chosen to illustrate that.