Magoosh (pronunciation: mə’guːʃ) (a play on the Old Persian word magush, which refers to a smart individual and this word also represents Iranian origin) is an online test preparation and study abroad counselling business based in Berkeley, California that educates students through audio/video lessons, practice test concerns, and online email assistance.
The business likewise has totally free mobile apps for both iPhone and Android – Colors Rating. Magoosh was founded in 2009 by Hansoo Lee, Bhavin Parikh, Pejman Pour-Moezzi and Vikram Shenoy while they were students at the Haas School of Company at UC Berkeley. In June 2009, Magoosh launched its first product– GMAT math practice concerns with video descriptions.
Over the next two years, as Magoosh’s client base began to broaden, the GMAT item and the Magoosh team continued to grow. Colors Rating. Pejman stepped far from the business in 2010 to pursue other opportunities however stayed on the board. Hansoo and Bhavin hired two full-time staff members and, with them on board, established a new prep program for the GRE.
In December 2011, Magoosh handed out 800 complimentary SAT accounts to high school trainees through partnerships with Bay Location non-profit companies. 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 had to eliminate himself from everyday operations.
Bhavin Parikh and former co-founder Pejman Pour-Moezzi, along with Lee’s fiancée Wendy Lim, established The Hansoo Lee Fellowship for Entrepreneurs, which is utilized each year to support Haas MBA trainees wanting to pursue their entrepreneurial ventures full-time. After Hansoo’s passing, Bhavin became the CEO and the only remaining co-founder of Magoosh.
In 2015, it released complete prep programs for the ACT, LSAT and Praxis examinations. And in 2016, the company released a complete MCAT item. To date, Magoosh has about 30 in-office staff members at its offices in downtown Berkeley and more than 1.5 million students have actually used Magoosh’s web and mobile apps to get ready for standardized tests.  The business has actually been ranked by Inc.
and by Business owner publication as one of the best entrepreneurial business in America.  San Francisco Company Times No. 21 Fastest-Growing Private Company in the Bay Area (2016) Entrepreneur 360 No. 111 Finest Entrepreneurial Business in the U.S. (2016) Inc. 500 No. 186 Fastest-Growing Private Business in the U.S. (2016) Localwise Finest Company: Education (2016) San Francisco Service Times No.
2 Fastest Growing Business in the East Bay (2015) TINYpulse Happiest Company in Education (2015, 2017) Intel Foundation Entrepreneurial Award (2010) North Bridge Venture Partners Competition (2010) UC Berkeley Center for Entrepreneurship and Technology Venture Lab Competition (2009) Ingenious, The (2012-04-02). “The Innovative Company: Magoosh Modifications the Way Trainees Prep for Standardized Tests” – Colors Rating.
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2013-03-17. Recovered 2013-06-21. “The Bay Location’s 100 fastest-growing personal companies of 2016”. Bizjournals.com. 2016-10-14. Retrieved 2016-12-14. “Entrepreneur Magazine”. entrepreneur.com. 2016-04-10. Obtained 2016-12-14. “Inc. Magazine “. inc.com. 2016-04-10. Obtained 2016-12-14. “2016 Work Regional Awards”. localwisejobs. Colors Rating.com. 2016-04-10. Retrieved 2015-06-11. “The Bay Area’s 100 fastest-growing personal 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. “Natural Gas Innovation Wins Intel Entrepreneurial Award” (Colors Rating). Newsroom.intel.com. 2010-11-18. Retrieved 2013-06-21. ^ “North Bridge Venture Partners Reveals Winners of $150K Seed Capital Competition|North Bridge”. Nbvp.northbridge.com. Obtained 2013-06-21.