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The Federal Aviation Administration (FAA) and the National Transportation Safety Board (NTSB) have launched an investigation into the cause of the crash.
Joshua Baer founded Capital Factory in 2009, building it into one of the most influential startup accelerators.
Joshua Baer, founder and chief executive officer of venture capital firm Capital Factory and a prominent figure in Texas’ technology ecosystem, died in a private jet crash in South Texas. Joshua Baer was traveling from San José del Cabo, Mexico, to Austin aboard a Cessna Citation Latitude business jet when the aircraft crashed on a highway near Laredo. The plane, operated by NetJets, was carrying six people.
Authorities said there was one fatality in the crash. Capital Factory President Bryan Chambers described Joshua Baer as “a fearless leader, a brilliant partner, and a dear friend to so many of us.”
“While we are devastated by this unimaginable loss, Josh built an incredibly resilient organization and team,” Chambers said, adding, “Capital Factory remains fully operational, and we are completely committed to continuing his mission.”
NetJets confirmed that one of its aircraft was involved in an accident and said it was cooperating with local law enforcement after receiving reports of injuries and a fatality.
The Federal Aviation Administration (FAA) and the National Transportation Safety Board (NTSB) have launched an investigation into the cause of the crash.
Joshua Baer founded Capital Factory in 2009, building it into one of the most influential startup accelerators, venture capital firms and coworking networks in Texas. Through its investment funds, the firm has backed hundreds of startups across sectors including defense technology, aerospace, robotics and biotechnology.
Among the company’s most notable portfolio successes are WP Engine, Apptronik, Colossal Biosciences and Firefly Aerospace.
Beyond investing, Joshua Baer played a key role in mentoring entrepreneurs and promoting Texas as a hub for innovation and technology. Capital Factory’s facilities have also hosted several military technology and innovation programs, including the US Army Futures Command, the Air Force’s AFWERX initiative and the Pentagon’s Defense Innovation Unit.
Washington D.C., United States of America (USA)
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