Business Description:ABO Ventures is a global sales and marketing initiative that is based on the principle of "open mass collaboration". ABO Ventures is a pioneering services and infrastructure platform (SalesXPOTM-Open standards/ collaboration) that is based on the Wiki principle of global sharing i.e. the more you share, the more you win. ABO Ventures is therefore enabling a global network of sales professionals to collaborate, share and monetize, via its SalesXPO platform.
SalesXPO is a revolutionary approach to global sales. In the traditional corporation, sales teams were dedicated to a corporation, and that is where they focused - on building bonds with internal teams and their target customer bases in local geographies. SalesXPO is a sales strategy based on the Wikipedia concept of "active peer-producing".
Today over 16,000 people are actively peer producing for Wikipedia, a quarter of a million people collaborate on Slashdot, Amazon has over 140,000 developers collaborating! These large-scale efforts are not based on internal employee based "traditional teams"! These "transformative" companies are based on a strategy of "employing" peer-to-peer networks of global professionals!
Industry:Global Sales & Marketing
Founded in:2008
Source of idea:Systematic search for business opportunity
Significant Competitors:Competition is inhouse/ incumbent sales teams
Competition is companies with closed business models, lacking a global sales strategy
Company Details :
Company Name:ABO Ventures
HeadQuarters:Bangalore
Stage of the company:Have first customer
No of Employees (2006):Did not exist
No of Employees (2007):0-5
Office Locations(2006):Did not exist
Office Locations(2007):2-5
No of companies promoted:No
Profits (2006):Did not exist
Profits (2007):1 to 5 lacs
>Partnerships:Open Source Platforms
Initial Funding:Personal savings
Addl Funding:Personal savings
Institutitional Capital:No
Revneue Model:sales services outsourcing and platform - subscription
Awards & honors:
Promoters Details :
Promoters Name(s):Poonacha Machaiah
Age:38
HomeTown:Bangalore, India
Education:Masters William and Mary
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Vice President at Sasken Communications Technologies
Ex-Job Description:Worldwide Sales
Favorite Book/Movie:God Father (Series), God is a Salesman by Mark Stevens
