The Monkees most lucrative venture the three had ever seen in their days as the Monkees, far surpassing the money they had made in the 1960s. Nesmith had little financial need to join in Monkees-related projects, mostly as his mother Bette Nesmith Graham was the inventor of Liquid Paper, leaving Nesmith an inheritance of over $25 million upon her death in 1980. A new album by the touring trio, "Pool It!" (the Monkees' tenth), appeared the following year and was a moderate success. From 1986 to 1989, the Monkees would conduct major concert tours in the United States, Australia, Japan, and Europe.
Michael Nesmith for the Monday night hootenannies at The Troubadour, a West Hollywood nightclub that featured new artists. Here Nesmith met, socialized, and performed with many different members of the burgeoning new L.A. music scene. Randy Sparks from the New Christy Minstrels offered Nesmith a publishing deal for his songs, and it was while Nesmith was at this publishing house that Barry Friedman, also known as the Rev. Frazier Mohawk, brought the ad for auditions for a new TV series, "The Monkees", to Nesmith's attention. In October 1965, Nesmith landed the role as the wool-hat-wearing guitar player "Mike" in the show, which