On a warm Texas night in 1956, Bette Nesmith — later known as Bette Nesmith Graham — sat in a garage surrounded by buckets of white tempera paint, empty nail polish bottles, and handmade labels.
The product she would eventually create — Liquid Paper, a white correction fluid used to conceal handwritten or printed typos — would become one of the world’s most popular and enduring office supplies.
Graham wasn’t a chemist or an engineer. She was a single mom from Texas who had a brilliant idea while working a 9-to-5 job as a secretary.
But she was also a budding product marketing genius: Over several decades, she identified a need in the market, organically grew her business, staved off competition, and bootstrapped her way to a $47.5m exit — $173m in today’s money.
Born Bette Clair Murphy near Dallas, Texas, in 1924, Graham was raised to be imaginative, strong-willed, and independent.