NetJets' first fatal crash kills influential Texas VC founder

(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) NetJets' first fatal crash kills influential Texas VC founder NetJets says it will not speculate on what caused one of its planes to crash onto a highway in Laredo, Texas late Tuesday, killing a prominent tech entrepreneur. Joshua Baer was the 50-year-old founder of Capital Factory , a VC company in Austin that specializes in tech startups. NetJets did say in a statement, "Safety is, and has always been, the foundation of everything we do." It will "cooperate fully" with investigators from the National Transportation Safety Board. It is the first fatal crash for the Berkshire Hathaway subsidiary, and the first for any company that provides fractional ownership of private jets , a business model NetJets originated in 1986 before it was acquired by Berkshire in 1998 . The Cessna Citation Latitude plane was traveling from San José del Cabo, a resort city in Mexico, to Austin when its pilots reported it was low on fuel and asked for an emergency landing at Laredo's airport. Firefighters at the site of a NetJets plane crash in Laredo, Texas, June 16, 2026. Laredo Police Department/Handout via REUTERS Reports and videos from the scene show bystanders helping to rescue the two pilots and three teenaged passengers who survived. …