If he really gave a s*** he would have kept his investment in 38 Studios rather than repaying himself $4M out of the state loan. He has enough wealth to keep the thing going until Copernicus came out in a year if that's what he really wanted to do. At the end of the day, he just said screw it and s*** canned everyone.
The video game industry takes a lot of capital and is super competitive. I think he really underestimated the challenge. In hindsight, he should have started out much smaller and not taken a huge loan that had enormous staff hiring quotas.