From Banking To Startups, The Story Of Mike Baur
Mike Baur was born and raised in the Freiburg state of Switzerland. He later went on to study business at Bern University in his home country. Later on he would go on to get a masters degree in business in the United States at the University of Rochester.
Mr. Baur truly began working in the banking sector from a young age. At age 16, he was already an apprentice at one of Switzerland’s biggest banks, UBS. Mike Baur would work for UBS for over two decades. One of the pinnacles of his careers at UBS was working as a financial advisor to wealthy clients and investors.
Mike Baur would part ways with UBS in 2008. He would join another Swiss banking firm in Zurich named Clariden Leu. Mr. Baur served in a senior executive position at Clariden Leu and received a substantial salary and compensation. After about six years of working for Clariden Leu, Mr. Baur again parted ways with the banking firm. The post financial crisis regulation environment was stifling and Mr. Baur felt it was time to move on.
After leaving Clariden Leu, Mike Baur would team up with another financier named Max Meister to create a startup incubator called the Swiss Startup Factory. It provides a number of different services to startups including mentoring, networking, funding and a rent free space to work out from. The goal of the Swiss Startup Factory is to spurn the development of technology companies in Switzerland by providing them with the tools, training, resources and education they need to succeed.
Mike Baur and the Swiss Startup Factory also highly encourage new entrepreneurs to go out and pitch their ideas. This is when entrepreneurs go out and discuss their business model, products and goals. Mr. Baur believes that pitching is an excellent way for new businesses to gain exposure, secure funding and gain relevance. Mike Baur has served as a judge on such contests and believes they have helped dozens of businesses find investors. The pitching contests sponsored by the Swiss Startup Factory only accept firms that have current funding amounts that are less than 1 million dollars.
In addition to working with the Swiss Startup Factory, Mike Baur works at a wealth management company called Think Reloaded. This firm was founded by Mike Baur himself back in 2014. It provides financial advice for high net worth individuals. Mr. Baur’s role at Think Reloaded is as a financial advisor and consultant.