In this article common synthetic routes toward telechelics, which are polymers with well‐defined functional end groups, are described. Telechelic polymers are available via radical, cationic, and anionic polymerization including reversible addition–fragmentation chain transfer polymerization, atom transfer radical polymerization, and nitroxide mediated polymerization. Furthermore, metathesis has become a valuable tool for the preparation of telechelics. Last but not least selected examples are presented in which step‐growth polymerization has been successfully applied for the synthesis of such well‐defined macromolecules. In specific cases chain scission can also be a useful route.