Capital Factory<\/a>, which has grown into an important Austin-based venture capital firm supporting a wide range of technology startup companies, from robots to autonomous ships.<\/p>\nHe listed his life strategy as, \u201cPlant lots of seeds. Water everyone’s. Repeat.\u201d Austin’s business leaders said it was the truth. The mayor in 2023 gave Baer a key to the city, a symbol of civic honor.<\/p>\n
\u201cWhether you’re in technology or not, there\u2019s a hole in the heart of Austin today,\u201d Thom Singer, CEO of the Austin Technology Council, which promotes the local tech industry, said of Baer’s death. <\/p>\n
Bryan Chambers, co-founder and president of Capital Factory, said his business partner was a \u201ctrue super connector.\u201d<\/p>\n
Baer was aboard a business jet that crashed Tuesday on a highway in Laredo, Texas, after the pilots reported mechanical problems and requested to make an emergency landing at an airport.<\/p>\n
After graduating from Carnegie Mellon University in Pittsburgh, where he created an email marketing business, Baer moved to Austin in 1996 to work as a software developer at Trilogy Inc. He started Capital Factory in 2009 and regularly held business chats with people at a coffee shop.<\/p>\n
\u201cMy hobby is startups,\u201d Baer told the Austin American-Statesman in 2012. \u201cI don\u2019t watch sports or anything like that. So this is what I do. … I want to be an investor in every great tech company that comes out of Austin. That\u2019s probably unrealistic, but I\u2019m going to try anyway.\u201d<\/p>\n
Baer often spoke to high school students and had the title of \u201centrepreneur in residence\u201d at the University of Texas. <\/p>\n
\u201cHe was passionate that technology could change the world and make people’s lives efficient and better,\u201d Singer said. \u201cAnd if entrepreneurs did it right, they could make money and help their communities. He believed in those two things.\u201d<\/p>\n
U.S. Sen. Ted Cruz, R-Texas, said he was deeply saddened by Baer\u2019s death.<\/p>\n
\u201cJosh has been one of the most significant figures driving innovation and entrepreneurship across America. In Texas, he made our state a global leader,” Cruz said.<\/p>\n<\/div>\n
\n
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