Mike Baur passion from banking to Tech Startup

As a zealous entrepreneur, Mike Baur life has vividly been impressive and inspiring one. Few are the person who ditches lucrative office jobs to venture into a new passion. Mike Baur is one of them who left a predictable banking career to follow his tech passion.

 

Banking career

 

Mike started his banking career at an early age of 16 years. He was lucky to begin as a finance apprentice at Union Bank of Switzerland in 1991. Mike Baur tenuous character saw him working his way up the career ladder in the 1990s. His promotion to an advisory position before the age of 30 at UBS brought much success to his career. He interacted with wealthy Swiss investors giving them advice on finance.

 

In 2008 Baur joined Clariden Leu Bank in Zurich. For six years Mike worked at Clariden Leu in a senior position. As a wealth management expert, Mike received high compensation at the bank. However, due to the recession, the banking industry becomes less appealing to Baur.

 

Career change

 

In 2014, Mike left banking sector to start Swiss Startup Factory together with former college mates, Max Meister and Oliver Walzer. They began helping young startup tech entrepreneurs by mentoring, training as well as funding them. Their firm provides a platform for the promising startups, to learn market dynamics, networking and how to seek finances

Additionally, Swiss Startup organizes a pitching context called START Summiteer at Swiss University. The competition enables tech beginners’ showcase their business models. Winners are selected by financial experts and provided with substantial funding to actualize their business. Only those firms with funding less than $1 million are accepted.

 

Other involvement

 

Mike Baur is also involved with a company he created in 2014 called Think Reloaded. The firm deals with affluent investors in providing financial advice. Furthermore, Baur has served as the deputy managing director of CTI Invest from January 2016. The Swiss Startup partnered with CTI in training and organizing Swiss Startup Day. Also, Baur has been involved in Swiss Startup Factory programs. He was involved with Goldback Group in the accelerator program and Fintech Fusion in 2016.

 

Mike Baur desire to see success in young entrepreneurs is an inspiration to many. His effort to promote technology and economic development is a plus to the society. Baur career, from banking to entrepreneurship was profiled in the Wall Street Journal on December 2016.