It's funny that I came up with exactly the same idea this spring and was almost going to apply for YC funding. But I changed my mind after talking to a couple of my friends (international students who know more than one language), most of them said it's a good idea but they also felt it's not very comfortable for them to talk to strangers face to face (online). Another challenge facing such kind of site is how do you motivate strangers to actually teach each other languages while keeping their attention span long enough, say, 5 minutes. Without a good motivation system verbling will just end up being another video chatting site. I also couldn't find an easy way of generating profit besides selling ads and charging user for talking to professional language teachers. Maybe the site will build a reputation system so the best users can get paid talking to other premium account users, and site will take commission from each transaction. But in order to do that, you need to have a big user base, after all it's a chicken and egg problem.