The life of Mike Baur is one that every aspiring entrepreneur should know. His career started when he was 16 years old. He worked his way through Bern University and the University of Rochester before joining the banking industry. Immediately, his natural talent for business lit a path to success.
His first job was at Union Bank of Switzerland. He served as one of their top financial advisors. Nearly everyone he met predicted that his career at UBS would be bright. One manager, in particular, explained exactly what everyone expected him to do. Yet, despite all the encouragement, Baur never wanted a life in banking.
He continued to work for UBS through the 90s. He earned several promotions and eventually became their top advisor. Wealthy people from all over the country went to Baur for financial advice, including some of the wealthiest in the nation.
Despite all the success, Baur left UBS in 2008. His departure was a shock, but he took another finance job at Clariden Leu. His actions confused most people, but he was looking for something special. He hoped that Clariden would reignite his passion for banking. Sadly, he became completely disenchanted with banking in 2014.
That same year, he and a friend, Max Meister, co-founded Swiss Startup Factory. The hope of SSUF was to help young tech entrepreneurs get their startups to a point where they have the best chance to succeed. This is what Baur’s wanted to do since he was a young man.
SSUF uses everything tool they have to teach young tech entrepreneurs the tools they’ll need to succeed. Aside from mentoring and training, SSUF also offers financial aid and rent-free offices to any startup that shows promise. SSUF also offers every entrepreneur the chance to build networks with one another as they move forward.
SSUF is the first incubator program that is completely independent. Other firms operate as part of other institutions or with political or corporate support. SSUF owes its allegiance to no one but the young tech entrepreneurs it’s trying to help. Being independent also allows SSUF to operate freely.
The most inspirational thing that Baur teaches is to follow passion rather than profit. Mike Baur worked in banking and finance for over 20 years and made a lot of money doing it, but he loves working with young entrepreneurs even more.