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 research study abroad counselling business based in Berkeley, California that informs trainees through audio/video lessons, practice test questions, and online e-mail assistance.
The company also has free mobile apps for both iPhone and Android – Value. 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 very first product– GMAT mathematics practice questions with video descriptions.
Over the next 2 years, as Magoosh’s consumer base started to expand, the GMAT product and the Magoosh team continued to grow. Value. Pejman stepped away from the business in 2010 to pursue other chances however remained on the board. Hansoo and Bhavin employed two full-time staff members and, with them on board, developed a new preparation program for the GRE.
In December 2011, Magoosh provided away 800 free SAT accounts to high school trainees through collaborations with Bay Area 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 remove himself from day-to-day 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 students wanting to pursue their entrepreneurial ventures 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 tests. And in 2016, the company launched 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 trainees have used Magoosh’s web and mobile apps to get ready for standardized exams.  The business has actually been ranked by Inc.
and by Business owner magazine as one of the best entrepreneurial business in America.  San Francisco Organisation Times No. 21 Fastest-Growing Private Business in the Bay Location (2016) Entrepreneur 360 No. 111 Best Entrepreneurial Company in the U.S. (2016) Inc. 500 No. 186 Fastest-Growing Private Business in the U.S. (2016) Localwise Finest Employer: Education (2016) San Francisco Service Times No.
2 Fastest Growing Company in the East Bay (2015) TINYpulse Happiest Company in Education (2015, 2017) Intel Foundation Entrepreneurial Award (2010) North Bridge Endeavor Partners Competition (2010) UC Berkeley Center for Entrepreneurship and Innovation Venture Laboratory Competitors (2009) Ingenious, The (2012-04-02). “The Ingenious Business: Magoosh Changes the Method Students Prep for Standardized Tests” – Value.
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2015-02-01. Obtained 2015-06-11. TINYpulse. “2017 TINYpulse Happiest Company Awards”. www.tinypulse.com. Obtained 2018-01-25. “Natural Gas Development Wins Intel Entrepreneurial Award” (Value). Newsroom.intel.com. 2010-11-18. Recovered 2013-06-21. ^ “North Bridge Venture Partners Announces Winners of $150K Seed Capital Competitors|North Bridge”. Nbvp.northbridge.com. Recovered 2013-06-21.