Abbott graduated Magna Cum Laude from Cal Poly San Luis Obispo with a degree in Mathematics. He applied those skills to the insurance industry, specifically actuarial science. He earned the accreditation as an Associate of the Society of Actuaries and played an integral role in forming Specialty Insurance Service in the mid-80s. Abbott transitioned from the CTO role to the CEO and Partner by 1990 and he led the company through a round of venture financing and structured a successful exit in 1998.
For the next 5 years, Abbott operated in various capacities, from business unit president to divisional CTO, for a multi-billion dollar holding company made up of over 100 operating units. Here he was responsible for growing business unit revenue and in developing operational strategy. He also participated as a part of due diligence teams in Acquisitions.
In 2003 he earned his EMBA from The Peter Drucker School of Management at the Claremont Graduate University. In 2004, Abbott started an independent consulting firm specializing in M&A transactions for high-value closely held companies. The firm also specialized in mentoring and coaching promising entrepreneurs.
In early 2009, Abbott was a founding executive with Avisio, Inc., a public company focused on transforming underutilized assets into successful companies. Abbott is also an adjunct professor teaching courses in entrepreneurship at local universities.