Magoosh (pronunciation: mə’guːʃ) (a play on the Old Persian word magush, which refers to a smart person and this word likewise represents Iranian origin) is an online test preparation and study abroad counselling business based in Berkeley, California that informs students through audio/video lessons, practice test questions, and online e-mail support.
The company likewise has free mobile apps for both iPhone and Android – Gmat Company. Magoosh was established in 2009 by Hansoo Lee, Bhavin Parikh, Pejman Pour-Moezzi and Vikram Shenoy while they were students at the Haas School of Organisation at UC Berkeley. In June 2009, Magoosh released its very first product– GMAT mathematics practice concerns with video explanations.
Over the next two years, as Magoosh’s consumer base began to expand, the GMAT product and the Magoosh group continued to grow. Gmat Company. Pejman stepped far from the business in 2010 to pursue other chances however remained on the board. Hansoo and Bhavin employed 2 full-time workers and, with them on board, established a new prep program for the GRE.
In December 2011, Magoosh provided away 800 complimentary SAT accounts to high school trainees through partnerships with Bay Location non-profit organizations. It was likewise around this time that Bhavin’s co-founder Hansoo Lee was identified with a rare case of non-smokers’ lung cancer and had to eliminate himself from daily 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 students wanting to pursue their entrepreneurial ventures full-time. After Hansoo’s passing, Bhavin ended up being the CEO and the only remaining co-founder of Magoosh.
In 2015, it released full prep programs for the ACT, LSAT and Praxis examinations. And in 2016, the company released a complete MCAT product. To date, Magoosh has about 30 in-office workers at its offices in downtown Berkeley and more than 1.5 million trainees have actually utilized Magoosh’s web and mobile apps to get ready for standardized tests.  The company has been ranked by Inc.
and by Business owner magazine as one of the very best entrepreneurial companies in America.  San Francisco Business 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 Best 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 Competitors (2010) UC Berkeley Center for Entrepreneurship and Technology Endeavor Lab Competition (2009) Innovative, The (2012-04-02). “The Innovative Business: Magoosh Modifications the Way Students Prep for Standardized Tests” – Gmat Company.
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2013-03-17. Obtained 2013-06-21. “The Bay Location’s 100 fastest-growing personal business of 2016”. Bizjournals.com. 2016-10-14. Obtained 2016-12-14. “Business owner Publication”. entrepreneur.com. 2016-04-10. Recovered 2016-12-14. “Inc. Publication “. inc.com. 2016-04-10. Obtained 2016-12-14. “2016 Work Regional Awards”. localwisejobs. Gmat Company.com. 2016-04-10. Retrieved 2015-06-11. “The Bay Location’s 100 fastest-growing private business of 2015”. Bizjournals.com. 2015-10-20. Obtained 2015-06-11. “2015 Happiest Company Awards”.
2015-02-01. Obtained 2015-06-11. TINYpulse. “2017 TINYpulse Happiest Business Awards”. www.tinypulse.com. Retrieved 2018-01-25. “Gas Development Wins Intel Entrepreneurial Award” (Gmat Company). Newsroom.intel.com. 2010-11-18. Retrieved 2013-06-21. ^ “North Bridge Endeavor Partners Reveals Winners of $150K Seed Capital Competitors|North Bridge”. Nbvp.northbridge.com. Obtained 2013-06-21.