Numerous precipitation methods for creating nanoparticle dispersions that are based on mixing a solution with a miscible nonsolvent have been developed. Here, we show that for polymer particles, the formation is highly dependent on the rate of mixing. We also demonstrate the importance of the glass transition of the polymers on particle formation. A simple model of droplet formation during mixing provides a satisfactory description of the observed dependence of particle size on polymer molecular weight, concentration, solvent ratio, and mixing conditions.