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DCM has already made nearly $1 billion off its $26 million bet on Bill.com

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David Chao, the cofounder of the cross-border venture firm DCM , speaks English, Japanese, and Mandarin. But he also knows how to talk to founders. It’s worth a lot. Consider that DCM should see more than $1 billion from the $26.4 million it invested across 14 years in the cloud-based business-to-business payments company Bill.com, starting with its A round. Indeed, by the time Bill.com went public last December, when its shares priced at $22 apiece, DCM’s stake — which was 16% sailing into the IPO — was worth a not-so-small fortune. Since then Wall Street’s lust for both digital payments and subscription-based revenue models has driven Bill.com’s shares to roughly $90 each. Little wonder that in recent weeks, DCM has sold roughly 70 percent of its stake for nearly $900 million. (It still owns 30 percent of its position.) We talked with Chao earlier today about Bill.com, on whose board he sits and whose founder, RenĂ© Lacerte, is someone Chao backed previously. We also talked abou

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