Chatroulette is a Russian site that arbitrarily pairs users in video chats. The users may be in any corner of the world.

The website has quickly gained popularity. It is reported that the number of visitors of the website increased from a scanty 494 in November to 63,000 in January to about 1 million in February.

However, there is a snag. The site has become a breeding ground for perverts who use the video chat service to carry out clandestine activities.

The notoriety that the site has accumulated wards of potential advertisers from displaying their brands on the website.

To resolve this problem, the website has emerged with a unique solution. It has launched a 'Solve Chatroulette's Penis Problem And Help It Make Billions And Billions Contest'.

It calls for participants interested in the project to send in their ideas at nicholas@businessinsider.com. The entries most liked will be put to vote and the winner's resume will be sent to Andrey Ternovskiy, the creator of the website and to potential investors.

The contestant's plan must specify how much revenue that plan would accrue over a period of 1, 5, and 10 years respectively. It should also include and answer frequently asked questions that carried the potential of posing a challenge to their plan.