Please Help Me! Rust Game Crashes!

I just bought Rust and I was so excited, but now I am very disappointed. I bought it on steam, I then click Play and then the PlayRustConfigurations comes up with all the setting like what graphics I want to play it on and windowed or not windowed mode, etc. Then i finally click Play! and then a grey screen with a cartoon face or something is in the middle. I wait and then this comes up.
Oops the game crashed! The crash report folder name “2013-10-16-211452” next to the game executable. It would be great if you could send it to the developer of the game.
I do not know how to fix this at all, this does not tell me what is wrong. I wish a game that I just bought would actually work. I think this game is a scam or something. Please help me fix it or tell me how I can get my money back. My computer is more than capable of running this game.