From Wikipedia, the free encyclopedia Polaris Venture Partners
Polaris Venture Partners
Polaris Venture Partners
Type Private ownership
Industry Private equity
Predecessor(s) Burr, Egan, Deleage & Co.
Founded 1996 Early history
Founder(s) Jon Flint, Terry McGuire, Steve Arnold (Origins of modern private equity)
•
Headquarters Waltham, Massachusetts, United States
The 1980s
Products Venture capital (LBO boom)
•
Total assets $3 billion
The 1990s
Employees 35+[1] (LBO bust and the VC bubble)
Website www.polarisventures.com
•
The 2000s
Polaris Venture Partners is a venture capital firm special- (Dot-com bubble to the credit crunch)
izing in seed and early stage investments particularly in Polaris was the first of four successors to Burr, Egan, De-
companies engaged in the information technology and leage & Co. (BEDCO), one of the earliest bi-coastal venture
life sciences sectors. capital firms in the US, which dissolved in 1996. One of
Polaris is based in Waltham, Massachusetts with an the contributing factors in the dissolution was the depar-
additional office in Seattle, Washington. The firm has ture of three of the three founders of Polaris. The three
over $3 billion under management and current invest- founders, left BEDCO in 1995 and began raising their first
ments in more than 90 companies. Polaris has over 35 independent venture capital fund.
employees.[1] Among, its investments are Advanced Inhalation Re-
Polaris highlights its executive recruiting program, search, Akamai Technologies, Allaire Corporation, Alny-
managed by a dedicated team of experienced executive lam Pharmaceuticals, American Superconductor, Aspect
recruiters[citation needed] on staff as one of the firm’s differ- Medical Systems, Avici, Berkeley Systems, Centra Soft-
entiating factor.[citation needed] ware, Classifieds 2000, Conductus, deCODE genetics, Ex-
change.com, Heavy.com, Internet Brands, Jibjab, Mariner
History Health Group, Matrics, Momenta Pharmaceuticals, Par-
adigm Genetics, Powersoft, PSCI, Recurly, SolidWorks,
Polaris Venture Partners was founded in 1995/1996 by turntable.fm, and Watermark Software.[1]
Jon Flint, Terry McGuire, Steve Arnold, who were part-
ners of Burr, Egan, Deleage & Co. (BEDCO).
History of private equity
Investment funds
and venture capital Since 1995, Polaris has raised five venture capital funds
with over $2.6 billion of investor commitments. To date,
all of the Polaris funds have been above average perform-
ers for their respective vintage years. Polaris Venture
Partners V, which was closed in 2006, raised $1 billion of
investor commitments.
• 1996 - $80m - Polaris Venture Partners
• 1998 - $175m - Polaris Venture Partners II
• 2000 - $470m - Polaris Venture Partners III
• 2002 - $900m - Polaris Venture Partners IV
1
From Wikipedia, the free encyclopedia Polaris Venture Partners
• 2006 - $1000m - Polaris Venture Partners V • Gupta, Udayan. Done Deals: Venture Capitalists Tell
Their Stories, 2000
See also • Venture-Capital Firms Prepare for Next Generation
of Partners
• Burr, Egan, Deleage & Co. • "The Thrill of Defeat". The Boston Globe, February
• Alta Partners 2001
• Alta Communications • Cocktails & Conversation with Bill Egan, Alta
Communications. Wharton School of Business, 2006.
References
[1] ^ Polaris Venture Website: Who We Are External links
• A Generation Gap in Venture Capital • Polaris Venture Partners
Retrieved from "http://en.wikipedia.org/w/index.php?title=Polaris_Venture_Partners&oldid=451216077"
Categories:
• Companies established in 1996
• TA Associates
• Venture capital firms
• United States private equity firm stubs
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