Joshua Baer, a prominent figure in Austin’s technology community and the CEO of Capital Factory, passed away following a plane crash in Texas. He was often called the “godfather” of the city’s tech scene.
The crash happened late Tuesday, June 16, on Loop 20 in Laredo, Texas, near the US-Mexico border.
Officials say the private jet crashed while traveling from San Jose del Cabo, Mexico, to Austin, Texas with six people on board. The plane had reported a mechanical problem and was trying to land at Laredo International Airport but went down several miles away.
A small plane hit a car on the highway and then burst into flames. Sadly, one person on the plane died, and five others were injured. The driver of the car was also hurt.
Tech “godfather” dies after private jet crashes
The victim of the crash was identified as Jason Baer. Bryan Chambers, President of Capital Factory, confirmed Baer’s death and remembered him as a courageous leader, a talented colleague, and a close friend.
We’re heartbroken by this loss, but Josh created a strong and talented organization that will carry on,” Chambers stated.
Chambers also confirmed that Capital Factory will continue operating and remains dedicated to supporting startups, just as Baer had envisioned.
A NetJets private jet, a Cessna 680 Citation Latitude with tail number N523QS, crashed onto a highway near Laredo, Texas, while trying to make an emergency landing. The plane was originally flying from Los Cabos, Mexico, to Austin, Texas, when the pilots declared an emergency and diverted to Laredo International Airport.
— Turbine Traveller (@Turbinetraveler) June 17, 2026
Josh Baer started Capital Factory in 2009, quickly becoming a key leader in Austin’s startup community. Capital Factory is a shared workspace and program that helps new companies connect with funding, clients, and talent.
The airplane crash triggered a large-scale rescue operation, and emergency crews worked to free people trapped in the damaged aircraft. Laredo International Airport reported that five police officers received treatment for breathing in smoke after assisting at the crash site.
The cause of the crash is still under investigation.
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2026-06-17 22:20