Bette Nesmith Graham fluid as "Mistake Out" in 1956. The name was later changed to Liquid Paper when she began her own company. Mistake Out started the 1960s operating at a small loss, with Nesmith's home doubling as company headquarters. As the product became an indispensable tool of the secretarial trade, Nesmith relocated production and shipping from her kitchen to a 10 feet-by-26 feet portable metal structure in her backyard, where packaging, shipping, and production were centered. Bette Nesmith married Robert Graham in 1962; he joined her in running the company. They divorced in 1975. She sold Liquid Paper to the Gillette Corporation
Michael Nesmith President of the Gihon foundation, hosted the Council on Ideas, a gathering of intellectuals from different fields who were asked to identify the most important issues of their day and publish the result. The Gihon ceased the program in 2000 and started a new Program for the Performing Arts. Nesmith also spent a decade as a board of trustees member, nominating member and vice-chair of the American Film Institute. In 1992, Nesmith undertook a concert tour of North America to promote the CD release of his RCA solo albums (although he included the song "Rio", from the album "From a