Why Mike Baur Transitioned to Startup Factory

Mike is a Swiss entrepreneur and the co-founder of Swiss startup factory. Mike earned an MBA from the University of Rochester and later an Executive MBA from the University of Berne. He was able to transit from the banking field where he had over 20 years working in the Swiss private banking. Although Mike was able to rise from commercial apprentice to a member of the executive board, he quit to start up his business. In December 2016, the Wall Street Journal published Mike’s profile showing his transition from banking, entrepreneurship and later investment.

In 2014, Mike teamed up with two of his partners Oliver Walzer and Max Meister and founded the Swiss Startup Factory. The factory is independent and privately financed. Swiss startup is the first startup business in Switzerland which was able to support its function in such an early stage. Mike started the firm with a focus on making changes to the common products in the market by coming up with other business models which will provide customers with more satisfying products. Mike is responsible for financing and fundraising rounds of the firm. He is the pillar of the business ensuring that it is financially stable all the time. The firm has a three-month program which provides the best platform for services like financial advising, mentoring, entrepreneur networks and office space training.

Swiss factory partnered CTI electing Mike as the deputy managing director in the investment in 2016. The Company was also in cooperation with Goldback Group, and Mike took the responsibilities of leading the Swiss Factory through its accelerator program. Mike also participated in the partnership of Swiss startup with Fintech Fusion. He has been committed to all activities in the firm. According to Mike, the firm has been able to work together with other companies as it is independent without any politics or stakeholders limiting its work.

Mike has been in forefront supporting and mentoring youth entrepreneurs in their startup investments. According to Mike, one has to execute their potentials by working hard, and that is the reason their firm is called a factory. He advises the young startups to make sure they work together and ensure professionalism in their enterprises. Mike says that all the people can succeed despite the level as he has witnessed individuals in the banking sectors start from scratch and later prospered in their investments.

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