An entrepreneur and businessman, Mike Baur is the managing partner co-founder and of the Swiss startup factory. For over twenty years, he worked in the banking industry after which he quit to invest in startup companies. This was before together with Oliver Walzer in 2014, cofounding Swiss startup factory.
When Swiss startup factory partnered with CTI in January 2016, Baur was named the managing director’s deputy of CTI invest. The Swiss startup factory, under Baur’s leadership, went through its accelerator program with Goldback group as well as its Fintech Fusion partnership in early 2016. Baur’s early career was profiled by the Wall Street Journal to entrepreneurship and startup investments from Swiss banking in December 2016.
Baur admits his love for working in the banking industry and sites his desires to satisfy his entrepreneurial dreams as the key reason as to why he had to leave the banking industry. According to Baur, most advisors and managers in the Swiss banking industry reluctantly adapt to changes in the economy. This makes them powerless in case of any crisis related to finances. As an example, Baur sites the resistance of banks towards digitalization of operations.
Baur made the difficult choice to become an entrepreneur despite the massive success in the banking industry. He decided to start the Swiss startup company despite the technology industry facing significant challenges. Having worked in the banking industry, Baur was conversant with the challenges entrepreneurs faced. Baur’s Swiss startup Factory helps entrepreneurs in strategic decision making as well as financial planning. It also offers mentorship programs and coaching to both aspiring and growing entrepreneurs.
The twenty years in the banking industry equipped Baur with adequate knowledge and skills to understand and navigate his current industry. He feels at home running a company that provides entrepreneurs with dispensable financial skills. When he worked in the banks, the main business was collaborating with business gurus and giving financial advice. The contribution to success and expansion of businesses has made the Swiss Startup Factory a crucial figure. In Switzerland, it is the best privately financed early stage Startup Company.