Which item was invented by a secretary and later sold for $47 million dollars?
In the 1950s, Bette Nesmith Graham worked as a secretary to support her family. She struggled with typing since she kept making mistakes. She then started experimenting with other strategies to hide mistakes. She blended items, including white tempera water-based paint, in her kitchen mixer before using a fine paintbrush to cover up her errors. As “Mistake Out,” she started advertising her typewriter correction fluid. Later, it was renamed Liquid Paper. She paid $47.5 to the Gillette Corporation in 1979 for the sale of liquid paper. Her son, Michael Nesmith, would become famous as a member of the rock group The Monkees.
Major clients like General Electric and IBM were won, and she continued to expand steadily. She opened an automated facility in less than ten years, and by 1975, the business was producing 25 million bottles of liquid paper annually.
Graham was taking one of the riskiest but most lucrative routes to wealth accumulation: investing her time and money to develop her dream company. According to financial advisor Tom Corley, “When you fulfil a company’s dream, the cash rewards are frequently substantial in comparison to the investment. And the benefits might be life-altering.
Product Creation
Which product was created by a secretary and subsequently sold for $47 million?
Bette Nesmith Graham developed Liquid Paper during the 1950s, a time when women were not frequently employed outside of the home. Because it made it simple and quick for people to clean up accidents, the device quickly gained enormous popularity. She was a crucial part of the company, but Graham’s employer let her go because of it, and she went on to create goods like Scotch Gard and Silly Putty.
She lost her job as a secretary as a result of creating Liquid Paper, but she later became an executive worth an order of magnitude more than $25 million. A secretary called Alice Shaw worked for the New York Times around the middle of the 20th century. She was given the task of penning thorough repairs to the newsprint that had been printed on a printing press.
The ink would be unable to save the paper from ultimate devastation. Shaw invented Liquid Paper correction fluid, which she turned into a successful business. As the many historical inventions were being detailed in the New York Times in 2007, she made an appearance there. So, you have known which item was invented by a secretary and later sold for $47 million dollars?
To sum up:
The creator of Liquid Paper tells her tale, including how she lost her job four years later, in 1979, after creating the copier. Two years prior, while working as an employee at a New York City advertising agency, she created the copier. The woman quit the business before the litigation was settled, so the business prevailed. The woman’s new business, which she started on her own, grew into a $25 million enterprise that employed more than a hundred people. As a result, the article “What was invented by a secretary and later sold for $47 million?” proved beneficial to the readers. I hope you have learnt about: Which item was invented by a secretary and later sold for $47 million dollars?
