Mike Baur grew up with a keen interest in the banking industry. His desire to work in this industry led him to earn a degree in banking and finance at the University of Applied Sciences Bern in 2000. He entered the Swiss banking industry upon graduation with a job at the Fribourg branch of UBS Wealth Management. He continued working for this bank for eight years during which time he also earned his MBA from the University of Rochester and his Executive MBA from the University of Bern.
It was for another 6 years that Mike Baur continued in the banking industry, first with Clariden Leu and then with Sallfort Privatbank AG. He attained his highest position in the industry at Sallfort Privatbank as a head of private banking. While he was very successful in the industry he decided he needed a change in career which is how he got into helping entrepreneurs establish new businesses.
Today, Mike Baur is a co-Founder of Swiss Startup Factory AG and is the company’s Executive Chairman. His job is to be one of the mentors of the entrepreneurs the company has as clients. He also leads Swiss Startup Factory’s own capital raising rounds due to his extensive experience in banking and financing.
At Swiss Startup Factory, Mike Baur helped to create a six-month business accelerator program that they put their clients through. Baur and his team, along with a network of established entrepreneurs they have cultivated, provide business services and support to entrepreneurs in the early stages of forming a company. They are provided with coaching as well as offices, human resources, payroll services, and the other business services they need to get established. They are also provided with access to the network of venture capitalists that Mike Baur and other executives have created through the industry contacts they made as people in the banking and other industries.
The type of entrepreneur that Mike Baur works with are those who are creating revolutionary digital products and services. He continually stresses to them the need to work hard as it is extremely difficult to start a new business. He tells them that they need to roll up their sleeves and put in the effort to succeed because that is the only way they’re going to be successful in launching their product.