A Scam and Spam Business with Terrible Morale - Business Development Manager CupoNation Employee Review

Dear Reader, I am the Head of HR of CUPONATION and as the Co-Founders and myself were extremely surprised about this negative evaluation, we would like to take the chance to clarify some things for you. We do know where this evaluation is coming from and it clearly is a frustrated reaction to the fact that the company had decided to let this former employee go due to performance issues. I would like to comment some statements in this evaluation: • “Terrible ethics. The business model is to cheat clients: All revenues come from outranking partner shops on Google branded searches (i.e. Zalando Coupons) and then taking a commission for bringing them the sales they would have had anyway” We are sorry to hear that the writer has not understood our business model, although he was a part of CUPONATION for the past 4 months and assumed a leadership role. • …..so don't count on a later career jump into a venture you want. We have a lot of cases where employees (long term and short term) are now working at other Rocket ventures or other startups/companies, have perused high level roles and followed a tremendous career paths after learning and developing at CUPONATION. Many of our full time employees and managers started their careers as interns at CUPONATION. Development opportunities are numerous, both horizontally and vertically. Young people are given the opportunity to learn and experience new things and to gather valuable work experience to kick-start their career both internally and externally. CupoNation embraces promoting students and young talents and helps them with developing their strengths and acquiring useful skills for the job market. • They prefer to hire an army of interns, pay them too little to live in Munich, Yes, we do have a couple of interns but, in total, they make less than 35 % of our total employees. Also, they are paid much higher salaries than in other startups and as already pointed out in my previous comment, we endeavor to keep our interns as full-time employees after their internships, if it is good fit for both sides. • It is all the worst bits of Rocket Internet…… The writer has never worked for another Rocket Venture, so he has no authority to judge whether CUPONATION is the “worst bits”. The writer is a young person who was not prepared for working in a very performance driven company like CUPONATION, even though this had been made clear to him during the entire recruitment process and also within the last 4 month he was working for us. A lot of employees have already approached me and are shocked about his comments because they are rendering a completely false image of our company, our culture and the values of our employees. Therefore, please carefully read all the other comments which have been placed above and below. CUPONATION is a great employer with a huge potential to become excellent and the founders and I are working hard for that goal and for providing challenging and exciting tasks, a cool atmosphere and also possibilities to grow fast and develop yourself. These are exactly the reasons why a lot of employees and also former co-workers are very fond of our company and if you would like to have proof about it, please do not hesitate to give any of us a call to speak about it in person. Thanks a lot and have a great day! Rico Fernando Head of Human Resources