Makes me wonder if he was showing rosier financials to investors. It's one thing to fail. It's another to commit fraud. That may have been on his mind when we was contemplating suicide.
I wouldn't recommend venturing that far out into left field -- just the premise of having to lay off half (or more) of your team to stay afloat (In addition, a team you've worked with since the start) would be disheartening & depressing enough to drive even the most capable leaders into a corner.
Toss the bad publicity into the mix while you're simultaneously trying to raise more funding and you've got a dark corner.
Yeah, I shouldn't cast aspersions without evidence. But it's the only reason I can think investors would throw money at such a business. Someone should interview them, because clearly some bad decisions were made all around, not just by the founder.