(TEXAS TRIBUNE) - Joshua Baer, founder and CEO of Austin-based startup accelerator Capital Factory, died Tuesday night in a plane crash on a Laredo highway.

The business jet was carrying six people when it crashed onto Loop 20 and caught fire around 10 p.m., the Federal Aviation Administration said in a statement.

Baer, who was also a Texas Tribune board member from 2015 to 2017, was the only person who died.