Yep, the math makes no sense if you assume the two options are 0 or 1B. I guessed that he was using the actual outcomes of the entire spread- considering that h

Yep, the math makes no sense if you assume the two options are 0 or 1B. I guessed that he was using the actual outcomes of the entire spread- considering that he references the 67% chance of $0 shortly thereafter, it is clear he doesn't think the other 99.999.... percent result in $0. Even if my excuses for him are correct, I think you all have made a valid point that this is not a really productive way to measure :) Nonetheless, the lesson "don't start a company to get rich" is, I think, a good thing to say.