Toby,
I run the same esc in my GT and now Atom
From memory I had the same problem to start with, I powered it up with a 2s lipo and turned off lipo cut off as this was set at 6v on 2s and 1s is 3.7v so it wouldn't power up then checked all the other settings and powered down.
Re-powered with the 1s and all was fine
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