{"id":341612,"date":"2026-06-18T18:00:23","date_gmt":"2026-06-18T18:00:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/341612\/"},"modified":"2026-06-18T18:00:23","modified_gmt":"2026-06-18T18:00:23","slug":"austin-bound-plane-crashes-in-laredo-killing-capital-factory-founder","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/341612\/","title":{"rendered":"Austin-bound plane crashes in Laredo, killing Capital Factory founder"},"content":{"rendered":"<p><img alt=\"The wreckage of a private aircraft rests on Loop 20 near the Clark Boulevard exit in Laredo, Texas, on June 16, 2026. Authorities said the aircraft was carrying six people when it crashed, killing one person.\" loading=\"eager\" fetchpriority=\"high\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofct bgsct block bg-black mnh0px fill\"\/><\/p>\n<p>The wreckage of a private aircraft rests on Loop 20 near the Clark Boulevard exit in Laredo, Texas, on June 16, 2026. Authorities said the aircraft was carrying six people when it crashed, killing one person.<\/p>\n<p>Jose De La Rosa\/Laredo Morning Times<img alt=\"A screen grab of eyewitness footage from Zayra Garza shows first responders rescuing people from the plane that crashed on Bob Bullock Loop in Laredo on Tuesday, June 16, 2026.\" loading=\"lazy\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofct bgsct block bg-black mnh0px fill\"\/><\/p>\n<p>A screen grab of eyewitness footage from Zayra Garza shows first responders rescuing people from the plane that crashed on Bob Bullock Loop in Laredo on Tuesday, June 16, 2026.<\/p>\n<p>Courtesy\/Zayra Garza<img alt=\"The wreckage of a private aircraft rests on Loop 20 near the Clark Boulevard exit in Laredo, Texas, on June 16, 2026. Authorities said the aircraft was carrying six people when it crashed, killing one person.\" loading=\"lazy\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofct bgsct block bg-black mnh0px fill\"\/><\/p>\n<p>The wreckage of a private aircraft rests on Loop 20 near the Clark Boulevard exit in Laredo, Texas, on June 16, 2026. Authorities said the aircraft was carrying six people when it crashed, killing one person.<\/p>\n<p>Jose De La Rosa\/Laredo Morning Times<img alt=\"An emergency responder stands near the wreckage of a private aircraft on Loop 20 near the Clark Boulevard exit in Laredo, Texas, on June 16, 2026. Authorities said the aircraft was carrying six people when it crashed, killing one person.\" loading=\"lazy\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofct bgsct block bg-black mnh0px fill\"\/><\/p>\n<p>An emergency responder stands near the wreckage of a private aircraft on Loop 20 near the Clark Boulevard exit in Laredo, Texas, on June 16, 2026. Authorities said the aircraft was carrying six people when it crashed, killing one person.<\/p>\n<p>Jose De La Rosa\/Laredo Morning Times<img alt=\"Emergency responders work around the wreckage of a private aircraft on Loop 20 near the Clark Boulevard exit in Laredo, Texas, on June 16, 2026. Authorities said the aircraft was carrying six people when it crashed, killing one person.\" loading=\"lazy\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofct bgsct block bg-black mnh0px fill\"\/><\/p>\n<p>Emergency responders work around the wreckage of a private aircraft on Loop 20 near the Clark Boulevard exit in Laredo, Texas, on June 16, 2026. Authorities said the aircraft was carrying six people when it crashed, killing one person.<\/p>\n<p>Jose De La Rosa\/Laredo Morning Times<img alt=\"Emergency responders work around the wreckage of a private aircraft on Loop 20 near the Clark Boulevard exit in Laredo, Texas, on June 16, 2026. Authorities said the aircraft was carrying six people when it crashed, killing one person.\" loading=\"lazy\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofct bgsct block bg-black mnh0px fill\"\/><\/p>\n<p>Emergency responders work around the wreckage of a private aircraft on Loop 20 near the Clark Boulevard exit in Laredo, Texas, on June 16, 2026. Authorities said the aircraft was carrying six people when it crashed, killing one person.<\/p>\n<p>Jose De La Rosa\/Laredo Morning Times<img alt=\"Laredo Police Department Public Information Officer Joe Baeza speaks with reporters during a briefing about a plane crash in Laredo, Texas, on June 17, 2026. Authorities said a private aircraft carrying six people crashed on Loop 20 on June 16, killing one person.\" loading=\"lazy\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofct bgsct block bg-black mnh0px fill\"\/><\/p>\n<p>Laredo Police Department Public Information Officer Joe Baeza speaks with reporters during a briefing about a plane crash in Laredo, Texas, on June 17, 2026. Authorities said a private aircraft carrying six people crashed on Loop 20 on June 16, killing one person.<\/p>\n<p>Jose De La Rosa\/Laredo Morning Times<\/p>\n<p>Capital Factory founder Joshua\u00a0Baer, a visionary force in the Texas technology and start-up ecosystem, died Tuesday night in a private plane crash near Laredo.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn-channels-pixel.ex.co\/events\/0012000001fxZm9AAE?integrationType=DEFAULT&amp;template=design%2Farticle%2Fplatypus_two_column.tpl\" alt=\"\" class=\"x1px y1px vh abs\" aria-hidden=\"true\" width=\"1\" height=\"1\"\/><\/p>\n<p>The jet\u2019s crew reported mechanical issues to Laredo International Airport and was attempting to reach the field when the crash occurred on Loop 20 east of the border city. Five other people aboard survived.\u00a0The flight was bound for Austin from Mexico.<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p><img alt=\"Capital Factory CEO and founder Joshua Baer is seen in 2022 at Port San Antonio, where his firm opened an office that year. He died in a plane crash late Tuesday in Laredo.\" loading=\"lazy\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofcv bgscv block bg-gray200 mnh0px fill\"\/><\/p>\n<p>Capital Factory CEO and founder Joshua Baer is seen in 2022 at Port San Antonio, where his firm opened an office that year. He died in a plane crash late Tuesday in Laredo.<\/p>\n<p>San Antonio Express-News file photo<\/p>\n<p>Baer was CEO of the Austin-based venture capital firm and business accelerator, which he founded in 2009 and that has operations across the state.<\/p>\n<p>\u201cJoshua was a fearless leader, a brilliant partner, and a dear friend to so many of us,\u201d Capital Factory President Bryan Chambers said Wednesday. \u201cWhile we are devastated by this unimaginable loss, Josh built an incredibly resilient organization and team. Capital Factory remains fully operational, and we are completely committed to continuing his mission of backing unstoppable founders.\u201d<\/p>\n<p>The crash, which was reported about 10 p.m., shut down highway traffic near Saunders Street and Clark Boulevard, according to the <a href=\"https:\/\/www.facebook.com\/laredopd\/\" data-link=\"native\" class=\"\" rel=\"nofollow noopener\" target=\"_blank\">Laredo Police Department<\/a>.\u00a0<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>Videos posted online by witnesses at the scene show the aircraft on its side, in flames and smashed into a highway barrier. Motorists who stopped on the highway can be seen trying to break the cockpit windows and pry open a door to free people inside before first responders from the Laredo Fire Department and other agencies arrived.<\/p>\n<p>\u201cWhile the loss of life is deeply regrettable, it is nothing short of a miracle that this tragedy did not become a mass fatality event,\u201d Laredo Mayor Victor Trevi\u00f1o told a news conference.<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>Five responding officers were treated for smoke inhalation.<\/p>\n<p>Photos from scene show the plane split open and lying across a highway median divider.<\/p>\n<p>The flight departed from Los Cabos International Airport in the Mexican resort city of San Jos\u00e9 del Cabo\u00a0at 7:19 p.m. Central time and was on its way to Austin-Bergstrom International Airport when it crashed, according to tracking <a href=\"https:\/\/www.flightaware.com\/live\/flight\/N523QS\" data-link=\"native\" class=\"\" rel=\"nofollow noopener\" target=\"_blank\">data from FlightAware.com<\/a>. The jet, a Cessna Citation Latitude twin jet, had operated three successful flights earlier Tuesday.<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>Laredo International Airport Director Gilberto Sanchez said Wednesday that the crew\u2019s call to air traffic controllers \u201cmentioned low fuel and a power outage.\u201d<\/p>\n<p>Witness video from the moment of the crash showed the aircraft careening down the highway and knocking down light poles before coming to a stop. It also barreled into a car, sending one motorist to a hospital in stable condition, police said.<\/p>\n<p>The Cessna was part of the\u00a0NetJets fleet, which allows customers to purchase ownership stakes in private jets.<\/p>\n<p>\u201cWe are activating our crisis response and family support teams to support those affected and their loved ones, and we are deploying a team of experts to the site of the accident,\u201d NetJets said in a statement.<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>The Federal Aviation Administration is investigating along with the National Transportation Safety Board.<\/p>\n<p>Who was Joshua Baer?<\/p>\n<p>Baer, 50, was a giant in the Austin tech ecosystem best known for\u00a0founding <a href=\"https:\/\/capitalfactory.com\/\" data-link=\"native\" class=\"\" rel=\"nofollow noopener\" target=\"_blank\">Capital Factory<\/a>, one of the state\u2019s most notable and successful venture capital firms. It has offices in San Antonio, Dallas, Houston, Arkansas and Washington, D.C.<\/p>\n<p><img alt=\"Capital Factory founder Joshua Baer, a central figure in Austin\u2019s startup and technology community, died Tuesday night in a private plane crash in Laredo.\" loading=\"lazy\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofcv bgscv block bg-gray200 mnh0px fill\"\/><\/p>\n<p>Capital Factory founder Joshua Baer, a central figure in Austin\u2019s startup and technology community, died Tuesday night in a private plane crash in Laredo.<\/p>\n<p>Austin American-Statesman<\/p>\n<p>\u201cNobody has built a company in the last 20 years without crossing paths with Joshua Baer,\u201d Austin Tech Council CEO Thom Singer said.\u00a0<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>Baer often said he created Capital Factory on a mission to \u201chelp people quit their jobs.\u201d It has shaped the Austin and broader Texas startup ecosystem and helped several major companies get off the ground.<\/p>\n<p>According to data from financial intelligence company\u00a0Pitchbook, Capital Factory has been the most active early-stage investor in Texas since 2010.\u00a0<\/p>\n<p>Among the companies it\u2019s helped get off the ground are Firefly Aerospace, Intuitive Machines, Aalo Atomics, Colossal Biosciences, Creative 3D Technologies,\u00a0Saronic Technologies and Neuralink competitor Paradromics.\u00a0<\/p>\n<p>One of its most successful ventures was as one of the first major investors in humanoid robotics maker Apptronik.<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>Apptronik CEO and cofounder Jeff Cardenas met Baer while studying at the University of Texas at Austin and Capital Factory became one of the first investors behind his company\u2019s\u00a0humanoid robots, which are\u00a0now used in\u00a0factories around the world.\u00a0<\/p>\n<p>\u201cThrough the years, he has always supported my journey, and eventually Apptronik\u2019s journey, and I couldn\u2019t be more grateful for his guidance and mentorship,\u201d Cardenas said in a statement. \u201cHe poured his heart and soul into creating a place for entrepreneurs to build the future, and his work and legacy is going to live on forever.\u201d\u00a0<\/p>\n<p>Baer also co-taught the Longhorn Startup Seminar and Lab at UT, an accelerator that has helped push student startups into the real world. He also served as an Entrepreneur in Residence for the Department of Computer Science.<\/p>\n<p>He grew up in Nashua, N.H., and started his first company, email marketing firm SKYLIST, from his dorm room at Carnegie Mellon University in 1996. SKYLIST was later acquired by New York Internet marketing firm Datran Media for about $10 million in 2006.<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>Moved to Austin in 1999<\/p>\n<p>Baer lived in Austin with his wife, Amy, and their three children.<\/p>\n<p>He moved to the city in 1999, when he was recruited to join Trilogy Inc. as a software developer. At Trilogy, he co-founded\u00a0e-commerce software maker IveBeenGood.com, which was sold to Network Commerce for $20 million in 2000.<\/p>\n<p>Scott Francis, a business founder, investor and entrepreneur in Austin, remembered\u00a0Baer from their first meeting while working at Trilogy.\u00a0<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>\u201cJosh, you could feel he was brash, confident and unapologetic about their excitement and optimism,\u201d Francis said. \u201cHe wasn\u2019t someone that necessarily took direction well, but those are the kinds of things that make for great entrepreneurs and investors. They don\u2019t follow conventional wisdom. He had the kind of personality where everybody knew who he was very quickly.\u201d\u00a0<\/p>\n<p>As a brash, confident leader in the Austin tech scene, he left his mark by rapidly investing his own money in startups.<\/p>\n<p>Baer\u2019s Capital Factory was part co-working space, part venture firm and part startup lab rolled into one. Its offices in the Omni Hotel were some of the go-to places to host coding competitions, startup meet-and-greets and events dedicated to the tech community.\u00a0<\/p>\n<p>Those outside of the tech world knew who Baer was, Austin lawyer Adam\u00a0Loewy said, because he was the industry\u2019s biggest cheerleader.\u00a0<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>\u201cI really don\u2019t think there\u2019s anyone who\u2019s ever been quite like him in that regard,\u201d\u00a0Loewy said. \u201cHe just was someone who was always trying to sell the tech community. He always was very well known, and he was just very optimistic about it, always.\u201d<\/p>\n<p>In 2017, Baer wrote \u201cThe Texas Manifesto,\u201d a tech insider manual in which he called on Austin, Dallas, Houston and San Antonio \u201cto connect together entrepreneurs, investors, customers, talent and press in meaningful ways.\u201d<\/p>\n<p>In 2022, Capital Factory installed its Center for Defense Innovation program in a 5,000-square-foot office at the <a href=\"https:\/\/www.expressnews.com\/sa-inc\/article\/Port-San-Antonio-Capital-Factory-17228840.php\" data-link=\"native\" class=\"\" rel=\"nofollow noopener\" target=\"_blank\">Tech Port Center + Arena in San Antonio<\/a> to further its mission to build partnerships between the private sector and the Defense Department.\u00a0<\/p>\n<p>After becoming Austin Tech Council\u2019s CEO about four years ago, Singer recalled Wednesday, the first call he got was from Baer. He told Singer he had big ideas for how to make the tech scene great and how to promote it.<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>\u201cHis passion, his drive was that other people could have the advantages of a career and a life in technology that he was able to have, and he wanted everyone to know it,\u201d Singer said. \u201cHe wasn\u2019t the type who said, \u2018Let\u2019s go make money\u2019 and then disappear. He genuinely cared and it was evident.\u201d<\/p>\n<p><img alt=\"Capital Factory CEO Josh Baer listens to entrepreneurs at a Capital Factory event room in Downtown Austin on Oct. 26, 2018. Baer's work at Capital Factory helped shape the Austin tech and startup ecosystem and helped launch several major companies, including Apptronik and Saronic Technologies.\" loading=\"lazy\"   style=\"aspect-ratio:3 \/ 2\" class=\"x100 y100 opc bgpc ofcv bgscv block bg-gray200 mnh0px fill\"\/><\/p>\n<p>Capital Factory CEO Josh Baer listens to entrepreneurs at a Capital Factory event room in Downtown Austin on Oct. 26, 2018. Baer&#8217;s work at Capital Factory helped shape the Austin tech and startup ecosystem and helped launch several major companies, including Apptronik and Saronic Technologies.<\/p>\n<p>Austin American-Statesman file photo<\/p>\n<p>An Austin activist<\/p>\n<p>Baer was inducted into the Austin Tech Hall of Fame last year.<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>Outside of his investments and work as the face of the local tech scene, Baer was a transplant who fell in love with Austin and invested in what made the city special.\u00a0<\/p>\n<p>Francis said whether it was the live music or jumping in Barton Springs, Baer loved Austin and all it had to offer. Francis said his work outside of Capital Factory was never recognized, but was just as special.<\/p>\n<p>Baer was a financial supporter of Austin City Limits Live before it moved to its now home at The Moody Theater downtown.<\/p>\n<p>He and his wife often donated and volunteered with the Austin Anti-Defamation League, a local chapter of the advocacy organization that seeks to fight\u00a0antisemitism and hate.<\/p>\n<p class=\"uiTextSmall f aic jcc\">Article continues below this ad<\/p>\n<p>The couple also\u00a0established their own foundation, the Baer Family Foundation, which focuses on supporting disadvantaged children and inclusive entrepreneurship.\u00a0<\/p>\n<p>\u201cAustin lost one of the people who absolutely built this tech community,\u201d Singer said. \u201cHe didn\u2019t just found companies, he shaped how an entire generation of founders here got their start. When I think about all the people he impacted? You can\u2019t even count them. The whole community has a hole in their heart this morning, whether you\u2019re in tech or not. Austin has a massive hole in its heart today.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The wreckage of a private aircraft rests on Loop 20 near the Clark Boulevard exit in Laredo, Texas,&hellip;\n","protected":false},"author":2,"featured_media":341613,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133,121850,5454],"class_list":["post-341612","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news","tag-lmtshare","tag-saen_share"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/341612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=341612"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/341612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/341613"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=341612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=341612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=341612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}