Magoosh (pronunciation: mə’guːʃ) (a play on the Old Persian word magush, which describes a wise individual and this word likewise represents Iranian origin) is an online test preparation and study abroad counselling business based in Berkeley, California that educates trainees through audio/video lessons, practice test questions, and online e-mail assistance.
The company likewise has complimentary mobile apps for both iPhone and Android – Magoosh Cost. 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 Business at UC Berkeley. In June 2009, Magoosh released its very first item– GMAT mathematics practice concerns with video descriptions.
Over the next two years, as Magoosh’s client base began to expand, the GMAT item and the Magoosh group continued to grow. Magoosh Cost. Pejman stepped away from business in 2010 to pursue other opportunities however stayed on the board. Hansoo and Bhavin hired two full-time employees 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 collaborations with Bay Area non-profit organizations. It was likewise around this time that Bhavin’s co-founder Hansoo Lee was identified with an uncommon case of non-smokers’ lung cancer and needed to remove himself from daily operations.
Bhavin Parikh and previous co-founder Pejman Pour-Moezzi, together with Lee’s fiancée Wendy Lim, established The Hansoo Lee Fellowship for Entrepreneurs, which is utilized each year to support Haas MBA trainees wishing to pursue their entrepreneurial endeavors full-time. After Hansoo’s death, 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 launched 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 actually used Magoosh’s web and mobile apps to prepare for standardized exams.  The business has actually been ranked by Inc.
and by Business owner magazine as one of the finest entrepreneurial business in America.  San Francisco Service 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 Company in the U.S. (2016) Localwise Finest Employer: 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 Competitors (2010) UC Berkeley Center for Entrepreneurship and Innovation Endeavor Laboratory Competition (2009) Ingenious, The (2012-04-02). “The Ingenious Business: Magoosh Modifications the Method Trainees Preparation for Standardized Tests” – Magoosh Cost.
Retrieved 2013-06-21. Garland, Russ (2010-06-16). “The Daily Start-Up: Bubble Survivor Coremetrics To Wed IBM – Endeavor Capital Dispatch – WSJ”. Blogs.wsj.com. Recovered 2013-06-21. ^ “Magoosh Unveils a Video Bible for the Newly Revised GRE”. Xconomy. 2011-09-13. Retrieved 2013-06-21 – Magoosh Cost. “Interview With Founder Of Magoosh – Online Test Preparation”. Killerstartups.com. 2012-08-21. Recovered 2013-06-21.
Rightstartups.com. 2013-04-20. Obtained 2013-06-21. “Group”. Magoosh. Retrieved Jul 23, 2019. “Website Offers SAT Preparation Free Of Charge|Fox Company Video”. Video.foxbusiness.com. 2011-11-08. Retrieved 2013-06-21. Buchanan, Leigh (Aug 30, 2016). “How I Kept Our Startup Dream Alive After Losing My Co-Founder”. Inc.com. Obtained Jul 23, 2019. “Haas MBA graduate and entrepreneur Hansoo Lee dies at age 35 – The Daily Californian”.
2013-03-17. Recovered 2013-06-21. “The Bay Area’s 100 fastest-growing private companies of 2016”. Bizjournals.com. 2016-10-14. Recovered 2016-12-14. “Business owner Publication”. entrepreneur.com. 2016-04-10. Recovered 2016-12-14. “Inc. Publication “. inc.com. 2016-04-10. Recovered 2016-12-14. “2016 Work Regional Awards”. localwisejobs. Magoosh Cost.com. 2016-04-10. Obtained 2015-06-11. “The Bay Area’s 100 fastest-growing personal business of 2015”. Bizjournals.com. 2015-10-20. Retrieved 2015-06-11. “2015 Happiest Business Awards”.
2015-02-01. Retrieved 2015-06-11. TINYpulse. “2017 TINYpulse Happiest Company Awards”. www.tinypulse.com. Obtained 2018-01-25. “Gas Innovation Wins Intel Entrepreneurial Award” (Magoosh Cost). 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. Retrieved 2013-06-21.