BEHEMOTH REBORN — Valuation Declaration
Declared portfolio value: $630,000 — Cost + 20%.
The same margin rule that governs every transaction on this platform governs the valuation of the portfolio that built it.
Declared Valuation: $630,000
Liana Banyan Corporation values its patent portfolio at $630,000, calculated as Cost + 20% — the constitutional pricing rule of the cooperative.
The underlying cost basis is $525,000, reflecting actual documented development and filing costs accumulated over 37 years of continuous innovation:
- Research, design, and development labor (1989-2026)
- Seven USPTO provisional patent application filings (micro entity, $65 each)
- Legal consultation and patent prosecution preparation
- Physical prototyping and CAD development (3,556 files across Fusion 360, SolidWorks, Blender, and STL formats)
- 653 complete “system comprises” patent-quality specifications
The 20% margin ($105,000) follows the platform’s constitutional pricing rule: Cost + 20%. Every seller on the platform prices at Cost + 20%. The cooperative does not exempt itself from its own rules.
This is not an estimate. This is not a projection. This is the cost of building what exists today — documented, receipted, and inarguable — plus the platform’s locked margin.
As King David declared when offered the threshing floor of Araunah for free: “I will not offer burnt offerings to the LORD my God that cost me nothing” (2 Samuel 24:24). Neither will we. This portfolio cost $525,000 to build. We price it at $630,000 because our rules say Cost + 20%. We do not offer to our sponsors that which cost us nothing, and we do not pretend something costs more than it did.
And as Paul wrote, tying the principle to its conclusion: “Thou shalt not muzzle the ox that treadeth out the corn” and “The labourer is worthy of his reward” (1 Timothy 5:18). The ox that does the work eats from the grain. The laborer who builds gets paid. The cooperative that spent 37 years and $525,000 building 1,662 innovations takes its constitutional 20% — no more, no less — because Cost + 20% is the rule for everyone, including us.
What the Analysis Shows
While the cooperative declares a cost-based valuation, responsible stewardship requires understanding what the portfolio could be worth. Applying the relief-from-royalty method — the most widely accepted income-based patent valuation approach — to all 123 Crown Jewels across 14 innovation domains:
| Scope | Conservative | Moderate | Optimistic |
|---|---|---|---|
| 123 Crown Jewels | $2.91B | $5.83B | $11.66B |
| Full Portfolio (1,662 innovations) | $3.94B | $7.87B | $15.74B |
We present these numbers for transparency. We do not claim them.
The Pessimist’s Floor
What if most of this fails? Only 20% of Crown Jewels achieve any commercial relevance. Those that do achieve only 20% of conservative capture projections. That’s 4% effective utilization.
| Parameter | Full Model | Pessimist’s Floor |
|---|---|---|
| Crown Jewels achieving relevance | 123 (100%) | 25 (20%) |
| Capture rate achievement | 100% of conservative | 20% of conservative |
| Effective utilization | 100% | 4% |
| Resulting value | $2.91B | ~$116M |
Even at 4% utilization — where 98 of 123 Crown Jewels produce zero commercial value — the methodology produces a floor exceeding $116 million.
That is approximately 184 times the declared valuation of $630,000.
The Gap
| Metric | Value | Basis |
|---|---|---|
| Declared valuation | $630,000 | Cost ($525K) + 20% platform margin |
| Cost-based floor | $83.1M | 1,662 innovations x $50K avg patent cost |
| Pessimist’s floor | $116M | 20% of CJs at 20% of conservative |
| Conservative | $3.94B | Full model, low-end bands |
| Moderate | $7.87B | Full model, mid-band |
| Optimistic | $15.74B | Full model, high-end bands |
The cooperative declares $630,000. The methodology suggests substantially more. The gap is not an accident — it is a deliberate choice.
We believe sponsors should evaluate this portfolio based on what it cost to build, not on what projections say it might become. If the projections prove correct, the sponsors who backed a $630,000 portfolio will have earned extraordinary service allocation authority. If they don’t, the sponsors backed something real that was honestly valued.
This is not an investment return. This is earned authority to allocate cooperative resources based on demonstrated judgment.
Methodology
For each of the 123 Crown Jewels, we estimate the hypothetical royalty stream a licensee would pay:
- Total Addressable Market (TAM) — from Grand View Research, Market.us, IMARC, SkyQuest, Fortune Business Insights, Mordor Intelligence, WIPO, HolonIQ
- Capture Rate (C) — 0.01% to 2.5%, based on innovation importance tier
- Royalty Rate (R) — 3-10%, consistent with RoyaltySource, ktMINE, and LES Reports
- Discount Rate — 20% (early-stage cooperative IP risk)
- Ramp Factor — 0.45x average over 10 years
- Horizon — 10 years (2026-2036)
Formula: NPV = Sum(TAM-2036 x C x R x Ramp x Annuity Factor at 20%)
Every input is visible and adjustable in the accompanying spreadsheet.
Prior Art Validation
16 innovations screened against USPTO databases in March 2026. All 16 found structurally novel or defensibly distinct. A 100% novelty rate implies high confidence in the broader portfolio’s defensibility.
Top Value Domains
| Domain | Crown Jewels | Moderate Value |
|---|---|---|
| Cooperative / Creator Economy | 11 | $1.52B |
| Food / Cooperative Meal Systems | 20 | $1.52B |
| Distributed Manufacturing / 3D Printing | 21 | $856M |
| IP Management / Licensing | 9 | $709M |
| Education / EdTech | 5 | $509M |
These numbers are large because the underlying markets are large. The global creator economy exceeds $240 billion today and is projected to reach $1.4 trillion by 2036.
The Principle
The people who back this portfolio should be rewarded for their judgment when the value materializes, not charged for someone else’s projection before it does.
BEHEMOTH REBORN — Valuation Declaration & Sensitivity Analysis March 15, 2026 Liana Banyan Corporation / Upekrithen, LLC FOR THE KEEP.