> It's that most Americans are worse off than this person.
You're being surprisingly sensitive and insensitive at the same time. It doesn't matter that most Americans are worse off than the guy, he didn't write a report for the Census Bureau.
He saw something, had an idea, for him this idea was as good as real, and then it died. Along with everything he had invested in it which wasn't just money but probably also a good part of his self-image, reputation and ego.
The fear of failure is so powerful that most people never even try. And he had all their worst fears come true.
You know how people are terrified of public speaking? When you did that the first time, did "hey, it's no biggie" helped and assuaged your fears?