Did downloading again actually resolve this issue with LaunchBox not starting? I've discovered a similar issue where I've downloaded/installed/run okay from one computer, but after copying the installer to another machine, and installing there, LaunchBox will either not start at all, or if it does, it takes ages to load. I don't understand how it could make any difference downloading the installer again.
And (this should probably go in as a separate post), did you have any issues after applying your license? After first installing and running LaunchBox, and having it scan for all my Steam games, I realised I hadn't applied my premium license file. So, I closed LaunchBox, and dropped the xml into the LaunchBox folder. However, upon opening it again (which takes ages), although my name does now appear at the top-left (i.e. license has been applied properly), it has somehow deleted all of the games it scanned before - it's opened as if it was a fresh installation, and I've had to run the scan all over again. That just doesn't seem right to me,