What does a company do to grow when it has 100% of its market and doesn’t want lose its employees? It starts new businesses. With over 2 million members in a country of 2 million people The Draugiem Group needed new ideas to grow. They chose to offer employees seed money to start new businesses rather than lose them to another company. It has helped Draugiem grow into a $27 million dollar company with offices worldwide.

We spoke with Davis Siksnans, the man in charge of Draugiem’s new ventures.

Estimates of the size of the group travel market range from $31 to $87 Billion and between families, college students, wedding and events there is no shortage of groups desiring to travel together. David Chait saw an opportunity when he and his friends had difficulty coordinating a trip and after a successful 200 person MVP (most viable product) test are now seeing 2% to 3% conversions of visitors to customers using their group travel booking engine at Travefy.com.

We had the opportunity to interview David recently about his new business and how his government job experience beat out work at McKinsey towards providing the knowledge to start this business