Independent entrepreneur, Mike Baur, 42, always tried his hand at independent entrepreneurship while growing up in Freiburg, Switzerland. After Mr. Baur finished his apprenticeship at UBS, he rapidly exceeded each level of the Big Banking system in his 20- year career in the banking industry.
UBS integrated with Clariden Leu and Mike Baur led the way in managing, both the transition period and the years after. Once USB started a downward spiral into a financial crisis, Mike Baur recruited former employees from a former employer, to help begin the process of bringing back major accounts to Clariden Leu. Unfortunately, that as well was short lived due to Clariden Leu integrating with Credit Suisse. Another financial institute, with stricter policies, which suppressed Mike Baur’s creative, independent management. This forced Mike Baur to resign and start investing in start-up companies.
Mike Baur refers to the management of the banking industries, as having the “big cat syndrome. “They are not proactive, reluctant to change, and have thus been powerless in the face of a financial crisis. Today, they are undergoing the digital transformation that is affecting all sectors of the industry but many of them continue to deny,” says Mr. Baur.
In 2014 Mike Baur co-founded Swiss Startup Factory. The Swiss Startup Factory is designed to help and support future start-up companies. Mike Baur pushed the Swiss Startup Factory through its accelerator program with the Goldback Group and as well as its partnership with Fintech in 2016.
Most well-known start-up accelerator platforms are back by the local authorities until Mike Baur and the Swiss Startup Factory came into play. Mike Baur, Max Meister, and Oliver Walze created the Swiss Startup Factory on a whole new and improved level by developing this start-up platform, that not only is funded privately but managed privately as well. This in-turn put the Swiss Startup Factory on the map in the start-up platforms industry while throwing Mike Baur into the top of his class in independent entrepreneurs.
The Wall Street Journal profiled Mike Baur’s career from Swiss Banking to entrepreneurship and start-up investments. A huge accomplishment for an average run of the mill banker. Mike Baur refers to himself as being “the perfect example.” He also stated, “If Clariden Leu had not been integrated with Credit Suisse, I might still be a bank manager today.” He always encourages future entrepreneurs to “Jump off the plane and collect all the parts that will prevent you from crashing on the ground.”