Mike Baur’s Background
Mike Baur worked in the Swiss Private Banking sector for almost 20 years. He worked at UBS as a commercial apprentice before making his way up as a member in the Board of Directors of the Swiss Private Banks. His entrepreneurial journey began in 2014 after founding Think Reloaded, a strategic advisory firm. Here, he would offer strategic advisory services to wealthy families and individuals. Over time, Mike Baur has become a force to reckon in the Swiss start-up space. In December 2016, Mike Baur featured on an article that talked about his career in the Wall Street Journal. Besides, he devotes much of his time to support Swiss digital start-ups.
About the Swiss Startup Factory
In 2015, Mike joined forces with his two partners to found, Swiss Startup Factory, today’s premier privately-financed and sovereign startup accelerator in Switzerland. Mike became fascinated with the subject of finance and banking way back as a teenager. Today, Mike feels proud for making his childhood passion his career. The idea for creating Swiss Startup Factory came from Mike Baur’s experience as a startup investor. Mike Baur’s Swiss Startup Factory would be used as a business execution platform to help Swiss start-ups get to the next level.
Mike Baur uses the canvas approach to bring his ideas to life. That means he has to test any idea before bringing it to the market. As such, Mike doesn’t come up with ideas that seem fantastic but irrelevant to the market. Building a product that is unrelated to your target market doesn’t make sense. In fact, this is a waste of money, energy, and time. Aspiring entrepreneurs should invest in a minimally available product or service, measure its relevance to the market, learn from the market feedback, and validate the results.
Startup acceleration is an intensive process. As such, Mike Baur’s daily schedule changes quite often depending on startups’ needs. He usually gets up at around 5 am when almost all his emails are answered. With this, Mike can focus on interacting with young tech entrepreneurs instead of sitting behind his laptop screen to respond to emails. His most important thing is to interact with start-up owners. Mike Baur feels excited about virtual and augmented reality and is convinced that reality will change the world and impact the startup industry in the future.