Mike Baur Says There Are Three Ways Startup Companies Can Be Established For The Long-Term
Mike Baur is teamed up with some of Switzerland’s top venture capital investors in a startup accelerator that he runs with the goal of taking startup ideas to the big stage in a short period. The company that he runs that does this is the Swiss Startup Factory which has a three-month program that’s full of physical activities testing the thinking and creativity of participants, coaching sessions that instruct participants on how to make good pitches and at the end of the three months hopefully the execution of a startup business. There’s a lot of background work that goes into building a startup, but Baur says there are three ways you can make it successful at launch and beyond.
Mike Baur says that nothing will ever happen by chance when you startup a business, so whether you’re forming your investor or client network or starting the branding process, you need to be able to take action in all of those phases. And once your business is running, the second factor it needs to have is adaptability because you cannot compete long-term if your business cannot change when change affects its industry. And finally running a business means there will be risks you need to take. Not necessarily gambling, but decisions that could impact your investments, your marketing plans and other facets of your day-to-day operations.
Mike Baur was a portfolio advisor to several top Swiss banking clients prior to becoming a startup investor. He had entered a banking apprenticeship at UBS Bank back in 1991 and while still at the beginning of this phase, he had been shown a chart that showed him how to move up the ranks to a high management level. Baur worked hard and many of his superiors and banking clients commended him on his investment acumen and ability to make great decisions. Baur stayed on at UBS Bank until 2008 when the bank started closing down branches, and then he joined the Board of Directors in commercial banking at Clariden Leu. But several years into this job, Baur quit because banking was losing its appeal and he was looking to go in a new direction. He thought of the startup venture capital industry because he realized a lot of new tech business ideas were circulating on college campuses that could take off quick if they had the right resources. In addition to the SSUF, Mike Baur also is a key figure at the START annual conference in Geneva.