Joshua Baer, founder and CEO of Austin-based venture capital firm Capital Factory, dies at age 50 after a private jet crash in Texas. Multiple outlets report that Baer was traveling in a business jet with several other people when the aircraft crashed onto Loop 20, a highway in the Laredo area. The crash also catches fire, according to reports. Fortune describes Baer as a central figure in Austin’s technology community and notes that he founded Capital Factory, positioning it as a bridge between startups and resources. Other coverage similarly characterizes him as a prominent “Austinpreneur” and highlights his role as a guide for early-stage entrepreneurs. The accounts agree on the core details: Baer’s leadership at Capital Factory, the involvement of a small private jet, the location near Laredo on Loop 20, and the fatal nature of the crash. Information about the cause of the crash is not provided in the excerpts reviewed.