BOSTON (CBS) – Retired Red Sox pitcher Curt Schilling took time to address his failed video gaming business venture on Friday during his Red Sox Hall of Fame induction.

Schilling admitted he bears the brunt of the blame for the failure of 38 Studios.

“It’s been hard, but life is hard. This is not somebody else’s fault. I took a shot and tried to make something world changing and it didn’t work out,” Schilling said. “I gave it everything I had, literally, and now I’m just trying to manage day by day. It’s been challenging and it’s been tough, but my wife and kids are healthy and it’s okay.”

WBZ NewsRadio 1030′s Doug Cope reports

The former Sox pitcher said he made mistakes and that the only thing to do now is to pick up and move forward.

“This is what life is made up of. It’s not always 2004 or 2001… Again, it’s frustrating; I wish it would have turned out differently but you make mistakes,” he said. “As long as you learn from them and continue to try to do the right thing, you have to take it as it comes.”

Schilling also said the hardest part about watching his business fail was seeing what happened to his employees.

“That was the devastating part… Everybody has talent, but it’s always about your people. I had a family of 400 people that I was responsible for and I failed them,” he said. “That was the devastating and challenging part. (We’ve been) helping them get back on their feet, and most of them have. There are a still some situations to take care of, but that was the devastating part – letting them down.

Schilling was also asked about the public perception surrounding the

I can’t worry about people who are never going to meet me and what they think about me. I can’t do it.