Magoosh (pronunciation: mə’guːʃ) (a play on the Old Persian word magush, which describes a wise person and this word likewise represents Iranian origin) is an online test preparation and study abroad counselling company based in Berkeley, California that educates trainees through audio/video lessons, practice test questions, and online email assistance.
The business also has free mobile apps for both iPhone and Android – Description. 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 Business at UC Berkeley. In June 2009, Magoosh launched its first product– GMAT math practice questions with video explanations.
Over the next two years, as Magoosh’s consumer base began to broaden, the GMAT item and the Magoosh group continued to grow. Description. Pejman stepped far from business in 2010 to pursue other chances however stayed on the board. Hansoo and Bhavin hired 2 full-time employees and, with them on board, established a new preparation program for the GRE.
In December 2011, Magoosh offered away 800 complimentary SAT accounts to high school trainees through partnerships with Bay Area non-profit organizations. It was also around this time that Bhavin’s co-founder Hansoo Lee was identified with an uncommon case of non-smokers’ lung cancer and had to remove himself from everyday operations.
Bhavin Parikh and former co-founder Pejman Pour-Moezzi, along with Lee’s fiancée Wendy Lim, founded The Hansoo Lee Fellowship for Business Owners, which is used each year to support Haas MBA students wanting to pursue their entrepreneurial endeavors full-time. After Hansoo’s passing, Bhavin became the CEO and the only staying co-founder of Magoosh.
In 2015, it launched complete prep programs for the ACT, LSAT and Praxis exams. And in 2016, the company launched a full MCAT product. To date, Magoosh has about 30 in-office staff members at its workplaces in downtown Berkeley and more than 1.5 million trainees have actually used Magoosh’s web and mobile apps to prepare for standardized tests.  The company has actually been ranked by Inc.
and by Business owner magazine as one of the very best entrepreneurial companies in America.  San Francisco Company Times No. 21 Fastest-Growing Private Business in the Bay Area (2016) Entrepreneur 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 Business Times No.
2 Fastest Growing Company in the East Bay (2015) TINYpulse Happiest Business in Education (2015, 2017) Intel Foundation Entrepreneurial Award (2010) North Bridge Venture Partners Competitors (2010) UC Berkeley Center for Entrepreneurship and Technology Venture Laboratory Competitors (2009) Ingenious, The (2012-04-02). “The Ingenious Business: Magoosh Modifications the Way Students Preparation for Standardized Tests” – Description.
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2013-03-17. Recovered 2013-06-21. “The Bay Area’s 100 fastest-growing personal business of 2016”. Bizjournals.com. 2016-10-14. Obtained 2016-12-14. “Entrepreneur Magazine”. entrepreneur.com. 2016-04-10. Retrieved 2016-12-14. “Inc. Publication “. inc.com. 2016-04-10. Obtained 2016-12-14. “2016 Work Regional Awards”. localwisejobs. Description.com. 2016-04-10. Recovered 2015-06-11. “The Bay Location’s 100 fastest-growing personal companies of 2015”. Bizjournals.com. 2015-10-20. Retrieved 2015-06-11. “2015 Happiest Company Awards”.
2015-02-01. Obtained 2015-06-11. TINYpulse. “2017 TINYpulse Happiest Company Awards”. www.tinypulse.com. Obtained 2018-01-25. “Gas Development Wins Intel Entrepreneurial Award” (Description). Newsroom.intel.com. 2010-11-18. Obtained 2013-06-21. ^ “North Bridge Endeavor Partners Reveals Winners of $150K Seed Capital Competitors|North Bridge”. Nbvp.northbridge.com. Recovered 2013-06-21.