Spencer Platt: I'm shocked at the level of optimism he just expressed. He says we often can't be confident what's a good idea, but there are ways to eliminate bad ideas. If you're going to do a go-puff clone in Turkey and try to raise capital, "it feels like a silly use of money all around" But if someone else is trying to make Uber for dogs reality, that kind of feels like a waste, Blunt says.

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