Most inspiring entrepreneurial tales involve one’s succession to great wealth and economic renown. Everyone that dreams of owning their business usually dreams about being rich. For Mike Baur, money was never the objective; not to say he didn’t have the opportunity to make plenty of it.
Baur started his career as a finance expert for a Union Bank of Switzerland. Baur also got a full explanation of what’s expected of him and his efforts. Everyone predicted that he’d become one of the most successful employees at UBS. However, Baur didn’t feel the same way. He always knew he’d eventually move on to something else.
For the time, Baur stayed at UBS. He worked there through the 90s and almost lasted 20 years. Before his 30th birthday, he earned the highest advisory position. Wealthy individuals and investors came from all over Switzerland to hear some of his advice.
Despite all his success, he grew listless at UBS and moved to another bank, Clariden Leu. There, he hoped to reignite his initial flame for banking, which he nearly did. Yet, in 2014, during a banking recession, he grew tired of dealing with all the red tape and decided to leave.
His passion for banking gone, he decided to follow his passion to help young tech entrepreneurs get their businesses up and running. Not really sure of what to do, he met up with a fellow Bern University graduate, Max Meister, and co-founded Swiss Startup Factory, the only independent incubator program company in Switzerland.
SSUF offers many services to tech entrepreneurs who are just getting started. Every startup that SSUF helps gets mentoring and training. For those select few who show promise, they get free office space and financial aid. Over the years, Mike Baur’s become the face of the company thanks to all his personal investment in numerous startups.
Thanks to brilliant financing expertise, SSUF is the only independent financed incubator in the country. Other firms operate under restrictions from the government or businesses that own them. SSUF is owned and funded by its creators and those paying for its services. It allows the firm to operate more freely.
That is what makes Mike Baur such an inspiration. Baur worked in banking for over 20 years and left behind all the money and success to follow his passion for entrepreneurship.