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Magoosh: Difference between revisions

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== History ==
Magoosh was founded in 2009 by Hansoo Lee, Bhavin Parikh, Pejman Pour-Moezzi and Vikram Shenoy while they were students at the [[Haas School of Business]] at [[UC Berkeley]].<ref>http://www.dailydisruption.com/2012/01/disruptor-of-the-day-magoosh-pushing-the-boundaries-of-online-education/</ref><ref>{{Cite web|url=https://magoosh.com/team/|title=Team|website=Magoosh|accessdate=Jul 23, 2019}}</ref>
 
In June 2009, Magoosh released its first product—GMAT math practice questions with video explanations. They got their first paying customers a couple months later in August.
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In December 2011, Magoosh gave away 800 free SAT accounts to high school students through partnerships with [[San Francisco Bay Area|Bay Area]] non-profit organizations.<ref>{{cite web|url=http://video.foxbusiness.com/v/1264933201001/website-offers-sat-prep-for-free/ |title=Website Offers SAT Prep For Free &#124; Fox Business Video |publisher=Video.foxbusiness.com |date=2011-11-08 |accessdate=2013-06-21}}</ref> It was also around this time that Bhavin's co-founder Hansoo Lee was diagnosed with a rare case of non-smokers' lung cancer and had to remove himself from daily operations.
 
In March 2013, shortly after Magoosh hit profitability, Hansoo Lee lost his battle with cancer at the age of 35.<ref>http{{Cite web|url=https://www.inc.com/magazine/201609/leigh-buchanan/2016-inc5000-magoosh.html|title=How I Kept Our Startup Dream Alive After Losing My Co-Founder|first=Leigh|last=Buchanan|date=Aug 30, 2016|website=Inc.com|accessdate=Jul 23, 2019}}</ref> Bhavin Parikh and former co-founder Pejman Pour-Moezzi, along with Lee's fiancée Wendy Lim, founded The Hansoo Lee Fellowship for Entrepreneurs, which is used each year to support Haas MBA students wishing to pursue their entrepreneurial ventures full-time.<ref>{{cite web|url=http://www.dailycal.org/2013/03/17/haas-mba-graduate-and-entrepreneur-hansoo-lee-dies-at-age-35/ |title=Haas MBA graduate and entrepreneur Hansoo Lee dies at age 35 - The Daily Californian |publisher=Dailycal.org |date=2013-03-17 |accessdate=2013-06-21}}</ref>
 
After Hansoo's passing, Bhavin became the CEO and the only remaining co-founder of Magoosh. The company continued to grow, launching full preparation products for the TOEFL and SAT from late 2013 to 2014. In 2015, it launched full 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 employees at its offices in downtown Berkeley and more than 1.5 million students have used Magoosh's web and mobile apps to prepare for standardized exams.{{Citation needed|date=October 2017}} The company has been ranked by Inc. magazine as one of the fastest-growing companies in the U.S. and by Entrepreneur magazine as one of the best entrepreneurial companies in America.{{Citation needed|date=October 2017}}