Links 12/10/2014: Charter's Rutledge: OTT is ‘Playing With Fire’; First IBM-Apple niche apps released

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Where in the world is Kenexa founder Rudy Karsan? In Philadelphia, investing in startups

Tom Paine

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Rudy Karsan / Twitter profile

Human Resources Executive Online reports that Kenexa founder Rudy Karsan, who sold Wayne-based Kenexa, the Human Resources SaaS business he built, to IBM for $1.3 billion in 2012, left IBM at the end of August after serving as GM of IBM's Smarter Workforce group. Apparently IBM wasn't interested in pursuing some of his more far-reaching ideas.

Karsan has started a new venture, Karlani Capital, woking out of downtown Philadelphia. It is described as more of an operating company than a VC firm, although it is investing mostly in early-stage ventures. There are already 13 portfolio companies. Only one, Relay Network, is in the Philly area. Another, FanDuel, based in New York, is a fantasy sports site that has already reached a valuation near $200 million.

Interestingly, the article reports that Karsan has also moved from his suburban mansion to a condo near his downtown office.