Mike Baur gave up banking to start the Swiss Startup factory. The Swiss Startup Factory is a company that helps new business owners create successful companies. They give them three months to gather all the knowledge that they can from them. After the three months, they are tasked with implementing everything that they had learned. Mike Baur advised them, but they were responsible for their success. He also encouraged the companies to enter pitch contest. Pitch contests are contests that allow new companies to present their business idea, products, and plan. The investors attending the contest invest in the companies that they believe will be the most successful.
The Swiss Startup factory has had much success. Mike Baur’s decision not to live by the timeline written out for him at the bank and pursue entrepreneurship set him up for success. He is the co-founder of the Swiss Startup factory, owner of Think Reloaded, and the Invest Deputy Managing Director for CTI. He has put all his knowledge he gathered in his 20 years as a banker to use. Startups all over Switzerland have been able to last in business thanks to the Swiss Startup Factory.
He started out as a banker at the Union Bank of Switzerland in 1991. Mike Baur was young, but he knew what he was doing. He helped many Swiss investors make sustainable investments. He was well respected and received a promotion to apprentice when he was in his 20s. UBS was so sure of his future that they gave him an outline of all the positions he would receive until he retired. Mike Baur ended up departing from UBS and working at another bank Clariden Leu.
Clariden Leu was grateful to have Mike Baur as an employee. He was excellent at his job, but banking changed after a recession hit. The recession caused banking to be more stressful than enjoyable to Baur, so he decided to become an entrepreneur. In 2014 Mike Baur, Oliver Walzer, and Max Mester joined together to create this Swiss Startup Factory. The Swiss Startup Factory is a company that is dedicated to the success of new businesses. They created the company because they realized that the amount of successful new businesses were few. They wanted to properly equip new business owners before starting their business and having to close right after. They have aided in my companies being successful.