Chatroulette founder: 'If I sold...'

By Laurie Segall, CNN


NEW YORK (CNNMoney.com) -- After his latest appearance at TechCrunch's annual conference, Andrey Ternovskiy had a hard time leaving the stage. Everyone wanted a word with the 18-year old Chatroulette founder -- from other young entrepreneurs to big-money venture capitalists.

It wasn't long ago the Russian native was a teenager with an idea that stemmed from boredom. He wanted to create a site that allowed random users to connect through Web-cam based conversations.

Since launching, the site has grown exponentially, making headlines for both innovation and its ability to enable profanity on the Web.

Ternovskiy started the site without envisioning its mass potential and has been forced to grow up as the site grows.

"The bigger it gets, the more serious it becomes," Ternovskiy told CNNMoney. "It's not really pure entertainment as it was in old days, so I have to learn new things like about how the investment system works, how the economic system works. It's interesting. I hope I'll deal with it somehow."

As Ternovskiy focuses on the business behind his site and continues working on a solution to limit the sexual content, the big question in the tech world is whether he'll sell Chatroulette.

"The conclusion I came to is if I would sell, I'd sell for the sake of becoming rich, and the first thing I'd do if I were rich, I'd buy something. I'd make an investment...that investment would be buying Chatroulette."

But Ternovskiy has no concrete plans to sell just yet. "It's critical for us to make something and you know, sell it...but think what would I do after it? A person has to work anyway even though he may have money. If he doesn't work, he doesn't do anything. He's boring. It's good that I found something for myself to dedicate my life to." To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,804.80 26.65 0.15%
Nasdaq 4,765.38 16.98 0.36%
S&P 500 2,070.65 9.42 0.46%
Treasuries 2.18 -0.03 -1.27%
Data as of 6:58pm ET
Company Price Change % Change
Bank of America Corp... 17.62 0.09 0.51%
Apple Inc 111.78 -0.87 -0.77%
General Electric Co 25.62 0.48 1.91%
Intel Corp 36.37 -0.65 -1.76%
Microsoft Corp 47.66 0.14 0.29%
Data as of Dec 19

Sections

New York Magazine reporter Jessica Pressler, who has been caught up in controversy this past week, will not be moving on to a new job at Bloomberg News. More

Investors beware: These 5 global crises are likely to rattle the stock market and world economy. More

Forums in dark corners of the web sell the kinds of hacks that befell Sony. More

Unilever sued Hampton Creek over its egg-free mayonnaise spread Just Mayo. But the company behind Best Foods and Hellman's mayonnaise has now dropped the lawsuit. More

The income of the top 1% jumped significantly in 2012, far outpacing inflation. Not only did this group make a larger share of the country's income, their share of total taxes also jumped from 35% to 38%. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.