Silicon Valley in the United States is far from being the only hotspot on the planet for the tech industry. There are other places in the United States such as New York City’s aptly named Silicon Alley and Las Vegas’ Silicon Strip that are bringing together software engineers and entrepreneurs with big ideas to help bring the tech world’s next big thing into fruition. Startup scenes in other countries are also hard at work cultivating the next generation of tech companies that will make life more efficient and less complicated for consumers everywhere. While most people might think of Switzerland as a country that is known for having idyllic landscapes dotted with mountains, superb chocolate and being the host to many international organizations it turns out that the small country is also home to its own burgeoning startup sector. There are many Swiss entrepreneurs and engineers who are starting new companies and imagining new technologies. Swiss banker and entrepreneur Mike Baur is one of them.
Mike Baur got his start in the world of business by launching his career in a much more traditional industry than technology: banking. He studied business and finance at the Bern University of Economics and Administration and later went on to work at the Swiss bank UBS for many years. From there he worked at other financial institutions like Clariden Bank and Sallfort Bank and took time to study for a dual Masters of Business Administration at the University of Bern and the University of Rochester in New York City.
One of the most well-documented struggles that afflicts many entrepreneurs in the startup community is the struggle to find a viable business model for their startup. While many startups have strong concepts and slick branding it is very common for their founders to choose to iterate themselves into a business model versus laying out the specifics of a monetization plan before launching their businesses or pitching their businesses to potential investors. What sets Mike Baur apart from other entrepreneurs in the startup world is the two decades that he spent in the worlds of finance and banking. That experience combined with his graduate level training has given him the expertise to be an effective leader in Switzerland’s growing startup community.
Mike Baur is becoming a staple in Switzerland’s startup scene and has the potential to leverage his experience working in an industry that involved financing to help other Swiss entrepreneurs get access to the capital that they need to launch and grow their businesses.