Polaris Partners

From Wikipedia, the free encyclopedia
  (Redirected from Polaris Venture Partners)
Jump to: navigation, search
Polaris Partners
Type Private ownership
Industry Private equity
Predecessor(s) Burr, Egan, Deleage & Co.
Founded 1996
Founder(s) Jon Flint, Terry McGuire, Steve Arnold
Headquarters Waltham, Massachusetts, United States
Key people Managing Partners David Barrett, Brian Chee, Amir Nashat and Bryce Youngren
Products Venture capital
Total assets $3.5 billion
Employees 35+[1]
Website polarispartners.com

Polaris Partners is a multi-generational venture capital firm investing in technology and healthcare companies across all stages.

Polaris is based in Waltham, Massachusetts with additional offices in San Francisco, California and Dublin, Ireland. A Boston Seaport office will be opening in the Spring of 2014. The firm has over $3 billion under management and current investments in more than 100 companies.[2]

History[edit]

Polaris Venture Partners was founded in 1995/1996 by Jon Flint, Terry McGuire, Steve Arnold, who were partners of Burr, Egan, Deleage & Co. (BEDCO).

Polaris was the first of four successors to Burr, Egan, Deleage & Co. (BEDCO), one of the earliest bi-coastal venture capital firms in the US, which dissolved in 1996. One of the contributing factors in the dissolution was the departure of three of the three founders of Polaris. The three founders, left BEDCO in 1995 and began raising their first independent venture capital fund.[clarification needed]

Polaris is among a small number of top tier venture organizations. The firm has roughly $3.5 billion under management, and is now making investments through its sixth fund.

Organizational Structure[edit]

Polaris Hierarchy

Polaris’ leadership is structured as a partnership, employing four Venture Partners to lead the firm rather than a Chief Executive.[1] The Venture Partners head a board of eleven General Partners, representing the firm’s managerial branch.[3] The Principal position is an intermediary between the firm’s junior ranks and the administrative board, given to those seen as potential future Partners. The most junior analytics position at Polaris is the Associate, who after a few successful years may be promoted to Senior Associate. The Partners also lead the Operations group, which although not part of the direct structural chain, facilitates internal and external relations for the firm at each structural level.[4]

The organizational structure employed at Polaris is an example of bureaucratic control, which institutionalizes hierarchical power with all company policy.[5] Procedure, rules, and compensation are systematically embedded in the firm’s business model, creating an impersonal understanding of responsibility at each level of the company.[6]

See also[edit]

References[edit]

  1. ^ a b Polaris Venture Website: Who We Are
  2. ^ "Polaris Partners Portfolio". 
  3. ^ "Team". Polaris Venture Partners. 
  4. ^ "Team". Polaris Venture Partners. 
  5. ^ Edwards, Richard. Contested Terrain: The Transformation of the Workplace in the Twentieth Century. New York, NY: Basic Books, Inc Publishers.
  6. ^ Edwards, Richard. Contested Terrain: The Transformation of the Workplace in the Twentieth Century. New York, NY: Basic Books, Inc Publishers.

External links[edit]