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Jennifer Turnage

Entrepreneur | Executive Office

• Wilmington, NC
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Jennifer Turnage - Entrepreneur

Jennifer Turnage's Bio:

Jennifer Turnage's Experience:

• Board of Advisors at GrowPath

  October 2017 - Present | Durham, NC

  The story of GrowPath starts in the Law Offices of James Scott Farrin, an operational marketing-focused law firm, based in Durham, North Carolina. As the firm grew, they experienced frustration with the technology and tools available in the legal market. The firm found that none of the products available met their needs. So they created GrowPath Intake and GrowPath Case Management. As a result, the software platforms have been built from the ground up with the direct input of one of the largest plaintiffs' practices in the southeastern United States. They've been battle-tested in a fast-paced, high volume environment. Now we are bringing them to you.

• Co-founder and CEO at myBeeHyve

  April 2017 - Present | Wilmington, NC

  Streamlining the way savvy network marketers manage their contacts to grow their business. Anytime. Anywhere. Co-founder and CEO Jennifer Turnage has more than 25 years of operational, financial and leadership experience in the technology and professional services industries, including serving as the Chief Financial Officer for eight investor-backed SaaS companies with five successful liquidity events. She is a serial entrepreneur and is currently an independent consultant for a leading health and beauty brand. Jennifer is committed to helping people live their best lives while achieving financial independence.

• Independent Consultant at Rodan + Fields Dermatology

  August 2016 - Present | Wilmington, NC

  Experienced entrepreneur and C-level executive, now pursuing passions for wellness and helping people achieve financial independence. Rodan + Fields leverages the power of networks and the social economy to achieve the mission of changing skin and changing lives.

• Board of Advisors at Marshallton Research Laboratories, Inc.

  2007 - Present | Winston-Salem, North Carolina

  Marshallton Research Laboratories, Inc is a technology based company that provides fluorinated organic intermediates and fine chemicals to the pharmaceutical, agrichemical, electronics, aerospace and energy industries. Marshallton also has expertise in custom synthesis of fluorinated and non-fluorinated organic chemicals, such as specialty chemicals used as extractants and solvents for the nuclear energy industry. Secretary and Treasurer of the Board of Directors, 1988-2001 Accountant 1988-1995

• Chief Financial Officer at Librestream

  October 2016 - May 2017 | Winnipeg, Manitoba, Canada

  The Librestream founders shared a similar vision that still guides the company today – to provide a way for teams to effectively collaborate on ‘things’ and environments virtually. This vision came from the founders’ direct experience in developing mobile technologies and witnessing the high costs and delays caused by inefficient communications. As specialists, they often found themselves on airplanes to travel onsite to help correct defects or processes. Often, it took only 15 minutes after arriving to see the issue and resolve it. Why not do that remotely? With that thought, the team formed Librestream in 2003 and spent the next few years inventing an entirely new product category and solution. In 2006, Librestream launched its first Onsight branded collaboration solution to the market and also signed a complementary private label arrangement with Tandberg, the largest video conferencing company at the time, which was subsequently acquired by Cisco Systems. Librestream’s initial customers were Fortune 500 enterprises with demanding security, bandwidth control, and collaboration workflow requirements. Guided by these customers, Librestream enhanced the Onsight Collaboration Platform to provide an enterprise-grade offering to meet these stringent requirements, the realities of field environments, and workflow simplicity. Those areas remain relevant today and customers continue to positively affect the product roadmap. These customers include some of the most innovative brands in their industries. Since the initial launch, Librestream has advanced the Onsight Collaboration Platform extensively to include a full range of collaboration products. The Onsight Collaboration Platform is now available on over 10 Million devices globally, bringing the eyes and ears of experts into the field virtually all over the world.

• Chief Financial Officer at Spoonflower

  November 2015 - September 2016 | Durham, NC

  Spoonflower makes it possible for individuals to design, print and sell their own fabric, wallpaper and gift wrap. Founded in May 2008, the Spoonflower community now numbers over a million individuals who use their own fabric to make curtains, quilts, clothes, bags, furniture, dolls, pillows, framed artwork, costumes, banners and much, much more. The Spoonflower marketplace offers the largest collection of independent fabric designers in the world. This early pioneer of digital textile printing has become a global leader in the practice, crowdsourcing fabric designs from artists and designers around the world, printing them using custom-made printers in Durham and selling the fabrics to everyone from Etsy creators to the world's top fashion houses. The Company raised its first institutional capital in 2015, from North Bridge Growth Equity and with participation from Bull City Ventures. The company employs more than 150 people in Durham, NC and Berlin, Germany.

• Chief Financial Officer at Consolidated Asset Recovery Systems, Inc.

  February 2009 - December 2015 | Raleigh, NC

  Jennifer served as the CFO of Consolidated Asset Recovery Systems, a three-time Triangle Business Journal Fast 50 winner, North Carolina Companies to Watch recipient, ranked number 185 on the Inc500. Consolidated was recognized as the fastest growing privately held company in the Triangle from 2012 to 2014. Jennifer was instrumental in working with the company founder and president, Steve Norwood, to identify and manage risk as well as recognize opportunities for strategic innovation and ways to achieve profitable growth. Jennifer initiated, led and implemented a number of programs and initiatives to help the company diminish debt and achieve profitable growth, among them—next generation management reporting, including accurate forecasting and real time dashboards; an investor relations program to provide structured financial reporting and supporting transactions on demand; and the implementation of Netsuite. Jennifer accelerated the billing cycle, transforming the company’s working capital and financial position to eliminate reliance on outside capital or debt. She also helped solidify the company’s equity structure, increased working capital availability and implemented the technology to support the company’s growth. She was recognized for her achievements in this role as a finalist for the Triangle Business Journal's CFO of the Year Award, and was elected to the company's Board of Directors in 2015.

• Managing Partner at TechCXO

  February 2009 - February 2014

  Established the RTP office of TechCXO, and served as a member of the national Executive Committee. Triangle Business Journal's Women in Business Award winner. Provided direct client service as a fractional CFO, while also responsible for business development and recruiting. Served as the CFO of Consolidated Asset Recovery Systems, Digitalsmiths (acquired by TiVO), StrikeIron (acquired by Informatica), and several other technology companies. TechCXO is a professional services firm that provides experienced, C-Suite professionals to deliver strategic and functional consulting services for technology companies.

• Treasurer at Triangle Technology Executives Council (TTEC)

  June 2010 - March 2012

  The Triangle Technology Executives Council (TTEC) is a 501(c)(3) non-profit organization dedicated to continuous education for its members and the economic development of technology companies in the Research Triangle region of North Carolina. The council resources are primarily volunteers comprised of executive technology leadership in this region. Other resources are provided by TTEC sponsors who share the commitment for economic development in the area. We also partner with local universities and the Council for Entrepreneurial Development (CED) to extend our shared expertise to aspiring students and technology ventures.

• Founder & CEO at Office of the CFO, LLC

  November 2008 - January 2009

  Founded Office of the CFO, providing fractional (part time) Chief Financial Officer and consulting services to entrepreneurial and technology companies. Merged to become the Research Triangle Park office of TechCFO.

• Managing Director and Vice President, International at ChannelAdvisor Corporation

  2005 - 2008

  Conceptualized ChannelAdvisor's international expansion, and successfully developed and executed the strategic plan. Responsible for revenue and operations outside North America, 100 employees in five countries and relationships with 1,500 customers in 45 countries. Acquired competitor in Germany, immediately increasing ChannelAdvisor' global transaction volume by 50% to over $1 billion, and increasing international revenue to 30% of the overall company. Conceptualized and established highly successful regional sales and service offices in London, England and Melbourne, Australia. Resident in London 2005-2006. Negotiated reseller relationships in the UK, Australia and France. Integrated the operations of an acquired competitor in Europe and Australia. Led the localization of ChannelAdvisor's products for markets in Europe and Australia.

• Chief Financial Officer at ChannelAdvisor Corporation

  2001 - December 2004

  Responsible for accounting, financial reporting, cash management, human resource, legal and office administration functions. Served as Secretary and Treasurer. Established accounting and financial reporting processes and procedures, including formal monthly closing and reporting schedules. Selected, implemented and managed accounting and stock option systems. Prepared budgets and financial forecasts. Prepared annual GAAP financial statement and notes, audited without adjustment to previously reported results. Designed and implemented document management system supporting on-demand due diligence responses and prompt closing of transactions. Closed $18 million of venture capital, investment from a strategic partner, and debt financing.

• Director of Operations and Director of B2B at GoTo Auctions

  May 2000 - June 2001

  Led local finance, administrative and business development functions for GoTo Auctions, and served as the liaison for these functions with GoTo.com's corporate headquarters. Designed a B2B Auction Search Engine, established the initial team to launch the product (sales, product management and marketing), led two additional product release cycles, and established the revenue-producing customer base and product distribution network. Worked closely with the GoTo's B2B team in Pasedena, CA to integrate the product lines of the two companies.

• Chief Financial Officer at AuctionRover.com

  1999 - 2000

  AuctionRover.com launched a web-based auction search engine and was acquired nine months later for $185 million by GoTo.com, a publicly-traded company. A spin-off created ChannelAdvisor in 2001. Responsible for the financial, human resource, legal and office administration functions. Managed bank and investment accounts and relationships, and corporate cash flow. Served as Secretary and Treasurer. Established accounting and financial reporting processes and procedures. Prepared GAAP financial statement and notes, audited without adjustment. Designed and implemented document management system supporting on-demand due diligence responses and prompt closing of transactions. Closed venture capital and debt financing.

• Senior Manager at PricewaterhouseCoopers

  July 1998 - June 1999

  Responsible for business development, relationship management and delivery of services to state and local governments. Led consulting and performance audit engagements applying best practices from business to government operations, utilizing the COSO framework for internal controls. Representative engagements included Performance Audit of Smart Start for the North Carolina General Assembly, Review of the School District of Philadelphia for the Pennsylvania State House Appropriations Committee, Implementation of a Project Management Office for the State of North Carolina (DHHS), and the Implementation of a Bad Debt Clearinghouse for the State of North Carolina.

• Manager at PricewaterhouseCoopers

  July 1994 - June 1998

  Managed financial and compliance audits, SEC filings and initial public offerings for technology clients in the software, biotechnology and IT sectors. Served as local office liaison to the national high tech group, and led local staff and business development efforts. o Managed 50 client relationships, with multiple activities, deadlines and projects. o Key contributor in developing the high tech team from two to seventeen people, which more than tripled the number of technology clients served.

Jennifer Turnage's Education:

• Western Carolina University

  1985 – 1988
  BSBA
  Concentration: Accounting & Finance
  Activities: Phi Mu Fraternity

Jennifer Turnage's Interests & Activities: