Just had to set up my computer and also got that crash.
Make sure you installed the vcredest of 2010 and 2012.
Here the link:
http://www.thebuddyforum.com/demonbuddy-forum/151424-beta-demonbuddy-beta-builds.html
If it doesn't work:
Make sure you uninstall all Microsoft Visual C++ Redistributable first if already installed, before installing them.
Make sure you updated your system. (Windows Update)
That's about it ^^ Had this problem many times already and it always worked.