While Switzerland may be known for a rich history of banking, one name stands out among the rest of Switzerland. For those on the outside looking in it may seem that a high ranking position within a Swiss bank is just about as high as you can go in business; at a surface level, it seems as though there is not much else to achieve. Mike Baur, however, decided to turn this philosophy on its head and go beyond.
Graduating nearly 30 years ago, Mike Baur began his career at Union Bank of Switzerland in 1991. Once he joined the company he quickly was promoted and advanced up the corporate ladder. He had been promoted to an important advisor position before the age of 30, a feat that was almost unheard of at the time. Despite his long tenure with the company, he decided to leave UBS for a greater opportunity with another Swiss bank called Clariden Leu. Once again Mike Baur was higher to a high-ranking position and kept this up for six years.
Throughout his banking career, he benefited from generous and reliable compensation, but this simply was not enough for him. The wealth management experts chose to share is experience with startup companies and other fledgling businesses. For that reason in 2014 he established the consulting and venture capital firm Swiss Startup Factory. Ultimately he had decided that even if he might not earn a stable of an income or even as great an income you would be much happier sharing his knowledge and helping others grow for themselves.
Ultimately, the company was a considerable risk. Mike Baur did not have as much direct consulting or tech experience but he more than made up for it with his financial acumen. The company operates in a two-fold fashion, generating income both from Consulting opportunities as well as serving as an incubator for the more standout companies.
For the most part, Mike Baur has found that he does not need to have the technological background himself just so long as he can spot an opportunity and it finance it well. Chosen startups can benefit from access to rent for offices in Switzerland, and each new enterprise receives 3 months worth of assistance.
At this point, Swiss Startup Factory has gotten so big that it has become an industry name for itself. The company is self-sustaining, creating its own networking and growth opportunities from within.