A millionaire tech boss has died in a horror private jet crash on a Texas highway. Joshua Baer, the CEO of Capital Factory, was confirmed by the company as dying in the crash on Tuesday night. The company described him as a 'visionary force, mentor, and champion for the Texas technology and startup ecosystem' in a tribute.
There are understood to have been six people on board the plane, with police saying one person had died. Baer was described as the 'Godfather' of the tech startup scene in Austin, Texas, where he based his venture capital firm Capital Factory.
Crash Details
The private jet had taken off from Los Cabos International Airport in Mexico and was bound for Austin-Bergstrom International Airport when it crashed around 10pm on Texas State Highway Loop 20.
Images from the scene show people attempting to pull individuals from the wreckage. Authorities are investigating the cause of the crash.
