After establishing a successful career in the Swiss banking sector for over two decades, Mike Baur left to start investing in tech startups. The renowned businessman is the founding partner of the Swiss Start-up Factory AG. According to his profile, which was featured on the Wall Street Journal, Mike began his banking career at the age of 16. He joined the Union Bank of Switzerland (UBS) as an apprentice in 1991. He was later promoted to a senior advisory position while still under 30 years of age. His career at UBS saw the young financial expert offer counsel to some of the wealthiest individuals in Switzerland. He left UBS in 2008. Soon after, he joined Clariden Leu bank where he held a high-ranking position for six years. At Clariden Leu, he enjoyed high compensation. However, his passion for helping tech startups saw move on to incorporate a company that would help them.
Mike Baur partnered with Max Meister and Oliver Walzer to establish Swiss Start-up Factory in 2014. Swiss Start-up Factory identifies potential tech startups with outstanding products and business models, and transforms them into global success. The incubator program offers helpful training and mentoring services while disseminating funds to aid Swiss tech entrepreneurs with potential startups. Swiss Start-up Factory offers additional services, including rent-free offices in Switzerland and three months-worth of assistance. They provide necessary resources and tools to entrepreneurs for global marketing besides offering them a platform to interact with fellow tech entrepreneurs. These educational programs teach entrepreneurs on the various ways of sourcing for funding from investors, thus increasing their chances of obtaining long-term success. In addition, Swiss Start-up Factory encourages entrepreneurs to participate in the pitching contest called START Summiteer. In 2014, Mike Baur served as a juror at the contest. The competition features 30 founders of startups who talk about their products, strategic plans and business models.
START Summiteer only accepts participants whose new enterprises have less than $1 million in funding. The competition gives entrepreneurs a chance to make substantial investments. Mike Baur established SSUF business incubator after participating in these pitching contests. In 2014, Mike Baur founded a financial consultancy company, Think Reloaded. Think Reloaded offers advice to affluent clients. Owing to the collaboration between SSUF and CTI Invest, Mike secured a job two years later as CTI Invest’s deputy managing director. The two firms came together to offer training programs. Today, Mike concentrates on the funding and fundraising activities of SSUF while serving on the board of BV4, a company that they partnered with to enhance the smooth running of the former.
There are many kinds of technology developments and technology innovations that have helped to alter the way the business world operates. Some of these same technology developments and innovations have made an awesome impact on the way many people go about what they do on a daily basis. While there are a variety of technology products and services that can be pointed to related to having a major impact, one of the most innovative and most important in many ways in e-commerce.
The very nature of what business is and how it is conducted changed with the development of ecommerce. Even in its most primitive stages, ecommerce took the business world from a physical arena to a digital arena. The ability to be able to make purchases on the Internet changed the business world in many ways. One of the main ways that it changed the business world is that it made the world smaller. With ecommerce, geographic location was not a major issue in the business world anymore. Companies anywhere in the world could compete for business with another company.
Also, the size of companies became less of an issue. Smaller companies could compete with larger companies on the Internet through the use of company websites. Ecommerce leveled the playing field in many aspects for small businesses. The start of ecommerce had an impact that helped to change how the business world was viewed inside and outside of the business world.
A major shift in the business world concerned entrepreneurs. The way that most entrepreneurs got into owning a company was through the process of opening a brick and mortar company. This process was often long, complicated, and expensive. The technology innovations that lead to the development of ecommerce allowed many entrepreneurs to focus on a new form of entrepreneurship called the digital entrepreneur.
The focus of the digital entrepreneur is on starting digital companies, which in many ways is easier to start than brick and mortar companies. However, there are significant differences between traditional businesses and digital businesses. Most digital entrepreneurs need some guidance and help regarding starting digital companies.
A company that is helping many digital entrepreneurs learn how to start digital companies successfully is the Swiss Startup Factory. A principal in the Swiss Startup Factory who is one of the original founders of the company is Mike Baur. A banking industry veteran with over 20 years of banking experience, Mike Baur has a solid understanding of how to get digital companies started and what it takes to run a successful digital company.
At the Swiss Startup Factory, Mike Baur is a focal point in the development of the various training, mentoring, and consulting facets of the company. Digital entrepreneurs come to the Swiss Startup Factory for the expertise and knowledge that they need to be able to start and run successful digital companies.