Mike Baur grew up with a strong interest in the field of banking. After graduating from college he stepped into banking with a career at UBS Wealth Management in 2000 as a Wealth Manager. Later in his career, he also worked at the Swiss banking giants Clariden Leu and Sallfort Privatbank AG. Partly due to the banking crisis of 2007-2008 Baur grew disillusioned with banking and decided to exit the industry in order to pursue his new passion of helping entrepreneurs launch market-disrupting new products and services.
The first company that Mike Baur founded was Bainso which he headquartered in Pfäffikon, Switzerland. As he was a financial specialist he used his knowledge and network to help entrepreneurs looking to start their company and in need of venture capital funds to do so. He also helped these companies establish business and market strategies that were sustainable and profitable. He also used his knowledge to help the companies move onto the next step after he got their businesses going so that it wasn’t like a jump into cold water by the entrepreneur once they were on their own.
In January 2015, Mike Baur co-founded another startup accelerator, Swiss Startup Factory AG. This company, based in Zurich, has a three-month startup accelerator program that provides entrepreneurs with everything they need to get their business up and running. The program includes a collaborative office space and business services such as payroll, accounting, and human services. The entrepreneur also receives coaching, mentoring, and access to not only longtime entrepreneurs that are in a network that Mike Baur has built up but also his network of venture capitalists.
Another idea that Mike Baur, who serves as Executive Chairman, applied at Swiss Startup Factory is a page on their website called Founder Stories. The page includes interviews with successful entrepreneurs where they share their experiences, knowledge, and inspirations in an interview type format. In Baur’s interview, he discusses the mindset that one needs to have in order to be a successful entrepreneur. He says that one of the main keys is a willingness to work really hard because otherwise the business and idea are never going to succeed. He says that you can’t afford to not roll your sleeves up and be willing to get your hands dirty if the idea you’re trying to develop will ever see application in the real world.