Magoosh (pronunciation: mə’guːʃ) (a play on the Old Persian word magush, which describes a smart 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 students through audio/video lessons, practice test concerns, and online email assistance.
The company likewise has complimentary mobile apps for both iPhone and Android – Magoosh Serendipity. 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 product– GMAT math practice questions with video explanations.
Over the next 2 years, as Magoosh’s customer base started to expand, the GMAT item and the Magoosh team continued to grow. Magoosh Serendipity. Pejman stepped away from the company in 2010 to pursue other opportunities however remained on the board. Hansoo and Bhavin employed two full-time workers and, with them on board, established a brand-new prep program for the GRE.
In December 2011, Magoosh distributed 800 free SAT accounts to high school students through partnerships with Bay Location non-profit companies. It was also 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 daily operations.
Bhavin Parikh and previous co-founder Pejman Pour-Moezzi, along with Lee’s fiancée Wendy Lim, established The Hansoo Lee Fellowship for Business Owners, which is utilized each year to support Haas MBA students wishing to pursue their entrepreneurial ventures full-time. After Hansoo’s death, Bhavin ended up being the CEO and the only remaining co-founder of Magoosh.
In 2015, it launched complete prep programs for the ACT, LSAT and Praxis tests. And in 2016, the company launched a full MCAT product. 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 utilized Magoosh’s web and mobile apps to prepare for standardized exams.  The business has been ranked by Inc.
and by Business owner publication as one of the best entrepreneurial companies in America.  San Francisco Service Times No. 21 Fastest-Growing Private Company 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 Company: Education (2016) San Francisco Organisation 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 Technology Venture Lab Competition (2009) Ingenious, The (2012-04-02). “The Innovative Business: Magoosh Changes the Method Trainees Preparation for Standardized Tests” – Magoosh Serendipity.
Retrieved 2013-06-21. Garland, Russ (2010-06-16). “The Daily Start-Up: Bubble Survivor Coremetrics To Wed IBM – Equity Capital Dispatch – WSJ”. Blogs.wsj.com. Retrieved 2013-06-21. ^ “Magoosh Unveils a Video Bible for the Freshly Revised GRE”. Xconomy. 2011-09-13. Retrieved 2013-06-21 – Magoosh Serendipity. “Interview With Founder Of Magoosh – Online Test Prep”. Killerstartups.com. 2012-08-21. Recovered 2013-06-21.
Rightstartups.com. 2013-04-20. Retrieved 2013-06-21. “Group”. Magoosh. Obtained Jul 23, 2019. “Website Offers SAT Prep Free Of Charge|Fox Service Video”. Video.foxbusiness.com. 2011-11-08. Recovered 2013-06-21. Buchanan, Leigh (Aug 30, 2016). “How I Kept Our Start-up Dream Alive After Losing My Co-Founder”. Inc.com. Recovered Jul 23, 2019. “Haas MBA graduate and entrepreneur Hansoo Lee dies at age 35 – The Daily Californian”.
2013-03-17. Obtained 2013-06-21. “The Bay Area’s 100 fastest-growing personal business of 2016”. Bizjournals.com. 2016-10-14. Recovered 2016-12-14. “Entrepreneur Publication”. entrepreneur.com. 2016-04-10. Obtained 2016-12-14. “Inc. Publication “. inc.com. 2016-04-10. Retrieved 2016-12-14. “2016 Work Regional Awards”. localwisejobs. Magoosh Serendipity.com. 2016-04-10. Retrieved 2015-06-11. “The Bay Location’s 100 fastest-growing private companies of 2015”. Bizjournals.com. 2015-10-20. Recovered 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. “Natural Gas Development Wins Intel Entrepreneurial Award” (Magoosh Serendipity). 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. Retrieved 2013-06-21.