Magoosh (pronunciation: mə’guːʃ) (a play on the Old Persian word magush, which refers to a wise person and this word also represents Iranian origin) is an online test preparation and study abroad counselling company based in Berkeley, California that informs students through audio/video lessons, practice test concerns, and online e-mail support.
The business also has free mobile apps for both iPhone and Android – Preview. Magoosh was established 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 very first product– GMAT mathematics practice questions with video descriptions.
Over the next 2 years, as Magoosh’s customer base began to expand, the GMAT product and the Magoosh team continued to grow. Preview. Pejman stepped away from business in 2010 to pursue other opportunities but remained on the board. Hansoo and Bhavin hired two full-time workers and, with them on board, developed a new prep program for the GRE.
In December 2011, Magoosh distributed 800 totally free SAT accounts to high school trainees through collaborations with Bay Area non-profit organizations. It was also around this time that Bhavin’s co-founder Hansoo Lee was detected with a rare case of non-smokers’ lung cancer and had to eliminate himself from day-to-day operations.
Bhavin Parikh and former co-founder Pejman Pour-Moezzi, in addition to Lee’s fiancée Wendy Lim, founded The Hansoo Lee Fellowship for Entrepreneurs, which is used each year to support Haas MBA trainees wanting to pursue their entrepreneurial endeavors full-time. After Hansoo’s passing, Bhavin became the CEO and the only remaining co-founder of Magoosh.
In 2015, it released full prep programs for the ACT, LSAT and Praxis exams. And in 2016, the business released a complete MCAT product. To date, Magoosh has about 30 in-office staff members at its workplaces in downtown Berkeley and more than 1.5 million students have actually utilized Magoosh’s web and mobile apps to prepare for standardized exams.  The business has been ranked by Inc.
and by Entrepreneur magazine as one of the very best entrepreneurial business in America.  San Francisco Organisation Times No. 21 Fastest-Growing Private Company in the Bay Location (2016) Business Owner 360 No. 111 Best Entrepreneurial Company 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 Company in the East Bay (2015) TINYpulse Happiest Company in Education (2015, 2017) Intel Structure Entrepreneurial Award (2010) North Bridge Endeavor Partners Competition (2010) UC Berkeley Center for Entrepreneurship and Innovation Venture Laboratory Competitors (2009) Innovative, The (2012-04-02). “The Ingenious Business: Magoosh Changes the Way Trainees Preparation for Standardized Tests” – Preview.
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2013-03-17. Recovered 2013-06-21. “The Bay Area’s 100 fastest-growing personal companies of 2016”. Bizjournals.com. 2016-10-14. Retrieved 2016-12-14. “Business owner Magazine”. entrepreneur.com. 2016-04-10. Recovered 2016-12-14. “Inc. Publication “. inc.com. 2016-04-10. Obtained 2016-12-14. “2016 Work Local Awards”. localwisejobs. Preview.com. 2016-04-10. Obtained 2015-06-11. “The Bay Area’s 100 fastest-growing private companies of 2015”. Bizjournals.com. 2015-10-20. Obtained 2015-06-11. “2015 Happiest Business Awards”.
2015-02-01. Retrieved 2015-06-11. TINYpulse. “2017 TINYpulse Happiest Business Awards”. www.tinypulse.com. Obtained 2018-01-25. “Gas Innovation Wins Intel Entrepreneurial Award” (Preview). Newsroom.intel.com. 2010-11-18. Recovered 2013-06-21. ^ “North Bridge Endeavor Partners Reveals Winners of $150K Seed Capital Competition|North Bridge”. Nbvp.northbridge.com. Obtained 2013-06-21.