Full error log is:
[S_API FAIL] SteamAPI_Init() failed; ipcserver init failed .
[S_API] SteamAPI_Init(): SteamAPI_IsSteamRunning() did not locate a running instance of Steam.
[S_API] SteamAPI_Init(): Could not determine Steam client install directory.
Not sure why this is happening. I'm definitely running Steam, have the steam_appid.txt file in the executable's directory, etc.
Ideas...?