Persistence pays off for WL Gore
18/11/2016
She explained that, when WL Gore started in 1958 it had a “limited portfolio” in electronics, but that the “incredible invention” of ePTFE, which outgoing chairman Bob Gore discovered in a laboratory in the basement of his home in 1969, the company was able to put another group of divisions, including fabrics, on the map.
“We made mistakes, and it took a long time, longer than people think, to make it into a viable business,” the chief executive said. “It took us until 1993 to achieve return on the investment in Gore-Tex, but we persisted.”