Black Screen Of The Death 2: The Revenge

Yes, it seems to be fault of Steam: Steam Support :: Failed to Start Game (Missing Executable)

I wonder if running from the game folder instead of launching from Steam would have worked.
In any case, blackscreens seem to happen because of security software. You can check if you have any of these programs running in the background:

If it’s your antivirus fault, you might want to add an exception for the game.