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Alexandra Zwiener
CEO at Arpari (YC W22) | ex-GS
Alexandra Zwiener is the Founder and CEO of Arpari, a treasury management solution designed for commercial real estate. Based in New York, she has a background in finance, having previously worked at Goldman Sachs, where she gained experience in financial modeling and risk management. This expertise contributed to her motivation for co-founding Arpari, which aims to enhance financial services in the commercial sector.123
She is an alumna of Y Combinator, a prestigious startup accelerator that has helped numerous companies launch and grow.1 Her professional focus is on improving financial processes, particularly in the realm of treasury management for businesses.3
Highlights
Some color on what will happen next with SVB (not financial or legal advice).
If your deposits are FDIC-insured, you will receive up to the insured amount from the FDIC. Per the press release, this will occur on Monday.
If your deposits are not insured or for amounts above the $250,000 of FDIC insurance, you are now a creditor to the SVB estate. The good news is that you’re almost first inline to receive proceeds from the liquidation (ahead of the bank’s corporate debt, preferred and common equity, but behind FDIC administrative expenses & a few other small-ish things). In practice, this means the bank is going to start fire selling its assets (the loans it holds). As a creditor to the estate, you will receive a “Receivership Certificate”, this represents your claim on the SVB estate. As the bank sells down its assets, you will receive distributions of cash on a pro rata basis with other deposit holders with claims. This process can take 6-12 months.
The simple math here is (in round numbers) - the company has $211bn of tangible assets and $173bn of deposits. This means that as long as they can sell their assets for greater than ~80c on the dollar ([$173bn – TBD admin expenses – TBD some other things]/$211bn), you will receive all your uninsured deposits back. Is ~80c the right number?
The bank just sold a portion of its fixed rate securities (its most interest rate sensitive) for ~90c on the dollar. Its other assets are less liquid (i.e., loans to start ups, real estate) and may take longer / require greater discounts on sale to other banks / funds.
There will likely be trading in the certificates that you are issued, meaning you may be able to find liquidity for your deposit claims. This will likely, however, be at a discount to what you may ultimately recover.
If you are a real estate owner and need to diversify your deposit relationships, sign up on the Arpari website or email me at [email protected] and I'll give you a hand.
#realestate #svb #cre #treasury
Real estate owner banking with SVB? If you’re concerned about headlines, check out the Arpari treasury management platform at www.arpari.com.
We offer FDIC-insured bank accounts (held with our partner Thread Bank). Accounts can be opened in minutes.
DM me if you need help getting set up or have questions.
#realestate #banking #cre #svb
https://lnkd.in/eYx8_j7G
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Mesh offers many advantages over other personal CRMs. Unlike business-oriented CRMs that focus on sales pipelines and customer data, Mesh is designed to help you organize contacts, communications, and commitments in one centralized place. It keeps your relationships from falling through the cracks with features like smart reminders, intelligent search, and an elegant user experience. Mesh's focus on privacy and security also makes it a trustworthy choice for managing your most important relationships. Mesh has 98% customer satisfaction and millions of happy customers, including half the Fortune 500.
Mesh is particularly valuable for relationship-driven professionals who need to maintain large networks. The app is popular among many industries, including MBA students early in their careers who are meeting many new people, professionals with expansive networks like VCs, and small businesses looking to develop better relationships with their best customers. Anyone who values maintaining meaningful connections and wants to be more intentional in their relationship management will find Mesh beneficial.
Mesh offers competitive pricing in the personal CRM market. Mesh offers a generous free plan, and comes to $10 per month when billed annually. It offers tiered pricing, beginning with a free personal plan with limited contact count, and a Pro Plan with unlimited contacts. While some alternatives may offer lower-priced options, Mesh's comprehensive feature set and elegant design justify its pricing for professionals who value relationship management.
Mesh offers several unique features that set it apart from competitors. Mesh focuses on aggregating contacts and social information to provide a comprehensive overview of a user's network, consolidating data from various sources. Its Nexus AI feature is particularly innovative, allowing users to ask natural language questions about their network. Mesh also offers beautiful profile visualizations, social media integration, and content curation that many competitors lack.
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