"Cannot find module './cli'" when launching simulator

After installing deco for the first time today and creating a new project, I see this error in the console after launching the simulator:

```
[15:45:18] Finished 'build' after 4.72 s
[15:45:18] Starting 'start'...
info: Deco initializing...
info: No user specified config file was found, falling back to default!

error: packager stderr module.js:341
throw err;
^

Error: Cannot find module './cli'
at Function.Module._resolveFilename (module.js:339:15)
at Function.Module._load (module.js:290:25)
at Module.require (module.js:367:17)
at require (internal/module.js:20:19)
at Object. (/Users/zcarter/.Deco/tmp/Project/node_modules/.bin/react-native:24:3)
at Module._compile (module.js:413:34)
at Object.Module._extensions..js (module.js:422:10)
at Module.load (module.js:357:32)
at Function.Module._load (module.js:314:12)
at Function.Module.runMain (module.js:447:10)

info: No user specified config file was found, falling back to default!

info: org.reactjs.native.example.Project: 28754

parent has disconnected, process will shut down
```

along with the red "cannot connect to dev server" error screen for the app.