When looking at large portfolios companies participating in the Gathering 1 network found that the value of patents was log normally distributed. Such a curve is shown in the “Lognormal Distribution Of Asset Values” figure. Further work showed that a typical unmanaged IP portfolio has: 1% of its assets generating 90% of the value; 50% of its assets enable and protect the business (of these only 5-10% are protecting key business lines and half of the remainder should be licensed to competitors within five years of commercialization); 30% of its assets are available for immediate non-conflicting out-license revenue opportunities; and 15% of its assets are best abandoned.