How Mike Baur Left Swiss Banking Career to Help Startups

Mike Baur is a successful Swiss businessman who was brought up in Freiburg Switzerland. Mike went to the University of Bern and the University of Rochester where he graduated with executive MBA and MBA respectively. According to the Wall Street Journal, Mike started his career in the banking sector in when he was just 16 years old. He started as an intern with the Union Bank of Switzerland (UBS). The banking career took Mike to several organizations within the industry and finally ended up in his own startup company.

 

 

Mike Baur continued to work in the sector through the 1990’s serving in various positions. Before he left the company he was appointed in an advisory role for the bank barely 30 years old. Under this role, he was able to advise some of the wealthiest people in Switzerland on favorable investments. In 2008, he left UBS to join Clariden Leu.

 

 

At Clariden Leu, Mike Baur was appointed the Zurich region manager. He held this position for six years. In 2014 he left the bank to start his own companies. By the time he left, the banking industry was still struggling with post-recession challenges and was growing less appealing to him. It was time for him to move on and start his own businesses and also help other entrepreneurs learn how to grow their businesses.

 

 

To accomplish this goal of helping other entrepreneurs, together with another partner he started the Swiss Startup Factory in 2014. His partner was Max Meister. Swiss Startup Factory helps entrepreneurs by offering mentorship and training on financial matters. It as well helps small business owners raise money to implement their ideas. He offers 3 months of support to every entrepreneur on how to market their products or services. This organization also offers an opportunity for entrepreneurs to interact with other investors and enable them to learn how to source funds for their startups. It is therefore evident that this organization offers a platform for any entrepreneur to shore up their startups.

 

 

Today, Mike still run the Swiss Startup Factory. He also concentrates on fundraising for his organization which in turn help small tech businesses as well as serving in the BV4 board of management. Mike teaches us the value of first joining a career to gain expertise and experience before leaving to start our own companies. It’s good to acquire knowledge first than to go in while green and mess everything later.