I didn't want to name names. But if you must, it happened in the all-in-podcast. This was during episode 135, at the 23:15 mark. The show has a guide so it should be findable.

I believe hosts do research and in fact, have VC minions (paid staff) during the show pulling the data to demonstrate how the calc was derived.

(I'm actually quite surprised this is not immediately known, as I thought the podcast audience was primarily HN ..)

Also, sibling comment added his own independent analysis