Magoosh (pronunciation: mə’guːʃ) (a play on the Old Persian word magush, which refers to a wise individual and this word likewise represents Iranian origin) is an online test preparation and study abroad counselling company based in Berkeley, California that educates students through audio/video lessons, practice test questions, and online e-mail assistance.
The business also has free mobile apps for both iPhone and Android – Leptitox Payments. Magoosh was founded in 2009 by Hansoo Lee, Bhavin Parikh, Pejman Pour-Moezzi and Vikram Shenoy while they were trainees at the Haas School of Service at UC Berkeley. In June 2009, Magoosh launched its first item– GMAT mathematics practice questions with video descriptions.
Over the next 2 years, as Magoosh’s customer base began to broaden, the GMAT item and the Magoosh group continued to grow. Leptitox Payments. Pejman stepped away from the company in 2010 to pursue other chances however remained on the board. Hansoo and Bhavin hired two full-time staff members and, with them on board, established a new preparation program for the GRE.
In December 2011, Magoosh distributed 800 complimentary SAT accounts to high school trainees through partnerships with Bay Location non-profit organizations. It was likewise around this time that Bhavin’s co-founder Hansoo Lee was identified with an unusual case of non-smokers’ lung cancer and needed to eliminate himself from daily operations.
Bhavin Parikh and previous co-founder Pejman Pour-Moezzi, together with Lee’s fiancée Wendy Lim, founded The Hansoo Lee Fellowship for Business Owners, which is utilized each year to support Haas MBA trainees wishing to pursue their entrepreneurial ventures full-time. After Hansoo’s passing, Bhavin became the CEO and the only staying co-founder of Magoosh.
In 2015, it introduced full prep programs for the ACT, LSAT and Praxis exams. And in 2016, the company introduced a complete MCAT product. To date, Magoosh has about 30 in-office employees at its offices in downtown Berkeley and more than 1.5 million students have utilized Magoosh’s web and mobile apps to get ready for standardized tests.  The company has been ranked by Inc.
and by Entrepreneur publication as one of the finest entrepreneurial business in America.  San Francisco Company Times No. 21 Fastest-Growing Private Company in the Bay Area (2016) Entrepreneur 360 No. 111 Best Entrepreneurial Business in the U.S. (2016) Inc. 500 No. 186 Fastest-Growing Private Company in the U.S. (2016) Localwise Best Company: Education (2016) San Francisco Company Times No.
2 Fastest Growing Business in the East Bay (2015) TINYpulse Happiest Business in Education (2015, 2017) Intel Foundation Entrepreneurial Award (2010) North Bridge Endeavor Partners Competition (2010) UC Berkeley Center for Entrepreneurship and Innovation Venture Lab Competitors (2009) Innovative, The (2012-04-02). “The Ingenious Company: Magoosh Modifications the Method Trainees Preparation for Standardized Tests” – Leptitox Payments.
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Rightstartups.com. 2013-04-20. Obtained 2013-06-21. “Group”. Magoosh. Retrieved Jul 23, 2019. “Site Offers SAT Preparation For Free|Fox Company Video”. Video.foxbusiness.com. 2011-11-08. Retrieved 2013-06-21. Buchanan, Leigh (Aug 30, 2016). “How I Kept Our Start-up Dream Alive After Losing My Co-Founder”. Inc.com. Recovered Jul 23, 2019. “Haas MBA graduate and business owner Hansoo Lee dies at age 35 – The Daily Californian”.
2013-03-17. Obtained 2013-06-21. “The Bay Location’s 100 fastest-growing personal business of 2016”. Bizjournals.com. 2016-10-14. Recovered 2016-12-14. “Entrepreneur Magazine”. entrepreneur.com. 2016-04-10. Retrieved 2016-12-14. “Inc. Magazine “. inc.com. 2016-04-10. Recovered 2016-12-14. “2016 Work Regional Awards”. localwisejobs. Leptitox Payments.com. 2016-04-10. Retrieved 2015-06-11. “The Bay Area’s 100 fastest-growing personal business of 2015”. Bizjournals.com. 2015-10-20. Recovered 2015-06-11. “2015 Happiest Business Awards”.
2015-02-01. Retrieved 2015-06-11. TINYpulse. “2017 TINYpulse Happiest Company Awards”. www.tinypulse.com. Recovered 2018-01-25. “Natural Gas Innovation Wins Intel Entrepreneurial Award” (Leptitox Payments). Newsroom.intel.com. 2010-11-18. Recovered 2013-06-21. ^ “North Bridge Endeavor Partners Announces Winners of $150K Seed Capital Competition|North Bridge”. Nbvp.northbridge.com. Retrieved 2013-06-21.