It’s commendable to want to start a “cooperative socialist paradise”, you can pitch it and see if there’s interest with others. But it’s totally OK as well for others to not want to join that, and go the more conventional way.

It sounds like Nate is set on starting a conventional company, and that should be fine. The previous company apparently never made financial sense so it also doesn’t work to just continue that model directly and so things and people get cut. It can be both hard to communicate and to hear, doubly so when you’re emotionally invested. That’s why IMO it’s important to separate your self worth from your job at some level, for your own mental wellbeing.