Who Abandoned 20 Years of Banking For Startups? Mike Baur

Mike Baur is a name that doesn’t pop up much, Not unless you are an entrepreneur who is trying to get his startup going. If you are, then you may have heard of Mike Baur. Or you may have heard of his company at least, The Swiss Startup Factory. What you probably don’t know is that he left a successful 20 year career in Swiss private banking prior to co-founding The Swiss Startup Factory. He had a love of banking, which began in his teenage years in home in his hometown of Friborg, Switzerland. There was no surprise that Mike Baur followed where his passion led him, into banking, the surprise came when he quit. The 42 year old entrepreneur, has a MBA from University of Rochester New York. He also holds an Executive MBA from University of Berne.

 

Mike Baur began as commercial apprentice at UBS. Over the years, he managed to work his way up to the position of executive board member of a large Swiss Private Bank, Clariden Leu. It was a love of entrepreneurship that drew Mike away from the banking business. He left banking to begin investing in startups. It was in 2014, when he was 39, that his own entrepreneurial side finally took over and he partnered with Max Meister and Oliver Walzer to co-found The Swiss Startup Factory, which is based in Zurich. Mike is the man who handles fundraising and financing at The Swiss Startup Factory. He has had the honor of participating in the START Summiteer, as a jury member. START Summiteer is a startup pitching contest of the University of St. Gallen. Mike Baur was named deputy managing director of CTI Invest when the companies partnered in January 2016. That was also the year that he had the distinction of his career being profiled by the Wall Street Journal.

 

You may be wondering by now what The Swiss Startup Factory is. This company identifies and supports entrepreneurs in the digital industries. They hold 3month long accelerator programs for Startups. They provide early stage startups with what they need to be a success. This includes financing, coaching, mentoring, and access to a large entrepreneurial and investor network. The company even provides the needed office space. Mike Baur himself led the Swiss Startup Factory through its accelerator program with Goldback Group in 2016. He did the same in regard to Fintech Fusion.

 

 

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