How Mike Baur Co-Founded Swiss Startup Factory

Mike Baur journey entrepreneurship is one of pure accomplishment. There was never a moment when he felt like he’d lost. There were some moments when he didn’t know what to do, but he always found his way to success. He’s one of those naturally talented people.

According to the Wall Street Journal, Baur’s been working in finance since he was 16 years old. In 1991, he got his first corporate job at a Union Bank of Switzerland. One of the hiring managers realized how special Baur was and told Baur every promotion he could achieve before retirement.

Regardless of the hiring manager’s wishes, Baur was not meant to work at UBS forever. He did work there throughout the 90s, earning just as many promotions as predicted. He even earned a high-ranking advisory position, but his love for finance began to fade. In 2008, he left UBS.

In an attempt to reignite his passion, he accepted a job a Clariden Leu. Working in their Zurich office did the trick for a while, but his passion still faded. After the recession, the banking environment got worse, forcing Baur to leave the industry entirely. He just couldn’t put up with all the red tape anymore.

Dissatisfied with banking, Baur decided to become an entrepreneur. The same year he left Clariden Leu, he teamed up with Max Meister and co-founded Swiss Startup Factory. Immediately, SSUF became his new passion. He loves going to work every day and meeting new entrepreneurs eager to learn from him.

Every participating enterprise gets personal mentoring and skills training essential to their success. The most promising enterprises get financial support and networking advice from the co-founders and other investors. The most important skill they teach involves obtaining funding. Baur, in particular, takes this aspect very seriously.

Since co-founding Swiss Startup Factory, Mike Baur’s really taken to doing interviews. He loves telling the world about his new passion. For a start, SSUF owes it independence to his brilliant finance skills. Because SSUF is independent, they don’t worry about conflicts of interest when it comes to investing in a startup.

He also loves telling people about why he called the company a “factory”. Factories bring to mind an image of continuous production, which is what kind of incubator SSUF is.

 

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