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After a few years, parts of that company were purchased by Microsoft, where Steve joined as the vice president of Broadband Media Applications. There, he and his team focused on building applications for emerging broadband networks. He left Microsoft in 1995 and co-founded Polaris Partners with Jon Flint and Terry McGuire in 1996. [1] [2]
Polaris Partners was founded in 1996 by Jon Flint, Terry McGuire, Steve Arnold. [5] [6] [7] The firm has over $5 billion in committed capital and is now making investments through its tenth fund. [1] The current managing partners are Amy Schulman, and Brian Chee. [1] [8] Polaris Partners also has two affiliate funds.
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Amy Weinfeld Schulman is an American healthcare biotech venture capitalist, trained as a lawyer, who serves as a managing partner at Polaris Partners. [1] [2] [3] She focuses on investing in healthcare companies and early-stage biotech start-ups.
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Formed in 1991 as an independent organization, the Innovative Users Group serves the libraries that use the company's software. The Innovative Users Group organizes an annual conference, organizes ballots for user-submitted enhancements, and maintains the IUG Clearinghouse for users to share tutorials, scripts, guides, and other resources created to better use the software.
Prior to starting Polaris, McGuire spent seven years as a partner at the venture capital firm Burr, Egan, Deleage & Co. investing in early-stage medical and information technology companies. McGuire was also a partner at Beta Partners from 1988 to 1997. His venture capital career began at Golder, Thoma & Cressey in Chicago.
A study conducted in 2006 by Forrester Research, Inc. showed that 46 percent of large companies used a portal referred to as an employee portal. Employee portals can be described as a specific set of enterprise portals and are used to give an interface for employees to personalized information, resources, applications, and e-commerce options. [4]