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Update README.md (#35801)
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@ -359,7 +359,7 @@ Every quarter, we check Quickbooks Online (QBO) for discrepancies and follow up
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Follow these steps to perform quarterly reporting for Fleet's investors:
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1. Login to Chronograph and upload our profit and loss statement (P&L), balance sheet and cash flow statements for CRV (all in one book saved in [Google Drive](https://drive.google.com/drive/folders/1ben-xJgL5MlMJhIl2OeQpDjbk-pF6eJM).
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2. Provide updated metrics for the following items using Fleet's [KPI spreadsheet](https://docs.google.com/spreadsheets/d/1Hso0LxqwrRVINCyW_n436bNHmoqhoLhC8bcbvLPOs9A/edit#gid=0).
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2. Provide updated metrics for the following items using Fleet's [Operating model (Confidential)](https://docs.google.com/spreadsheets/d/1CgMAad-vzBoVS_FfovglX0XbqVKlaD-ssjGTL3ayxMw/edit?gid=86625913#gid=86625913).
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- Headcount at end of the previous quarter.
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- Starting ARR for the previous quarter.
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- Total new ARR for the previous quarter.
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@ -369,11 +369,8 @@ Follow these steps to perform quarterly reporting for Fleet's investors:
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- Starting number of customers, churned customers, and the number of new customers Fleet gained during the previous quarter.
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- Total amount of Fleet customers at the end of the previous quarter.
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- Gross margin %
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- How to calculate: (total revenue for the quarter - cost of goods sold for the quarter)/total revenue for the quarter (these metrics can be found in our books from Pilot). Chronograph will automatically conver this number to a %.
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- Net dollar retention rate
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- How to calculate: (starting ARR + new subscriptions and expansions - churn)/starting ARR.
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- Cash burn
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- How to calculate: start of quarter runway - end of quarter runway.
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### Deliver annual report for venture line
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