Impact Investors & Accelerators in High-Risk Contexts

Peru’s Presidential Removal: What American Investors Need to Know

Peru’s Presidential Removal: What American Investors Need to Know

Pholus Advisory | 10/10/2025
Peru’s Congress removed President Dina Boluarte early Friday morning with 121 votes, citing “permanent moral incapacity” to address organized crime. This marks Peru’s third president since 2022. The same Congress that removed Pedro Castillo has now removed his successor. As someone who has facilitated thousands of cross-border transactions across Latin…
How to Own a Due Diligence Miss Without Letting It Own You

How to Own a Due Diligence Miss Without Letting It Own You

Pholus Advisory | 09/10/2025
Every experienced leader eventually faces it: a missed signal during due diligence that later becomes a liability. Sometimes it’s a concealed relationship. Sometimes it’s a partner with undisclosed debt, a founder with political baggage, or a “compliant” supplier that turns out to be an operational risk. Whatever the oversight, what…
Donor Rules Followed, Funds Misused: The Illusion of Compliance

Donor Rules Followed, Funds Misused: The Illusion of Compliance

Pholus Advisory | 08/27/2025
In complex operating environments, compliance can become a performance. Financial reports are submitted on time. Procurement procedures are formally documented. Spending appears aligned with approved budgets. And yet—funds go missing, services fall short, and outcomes deteriorate. When donor rules are followed but money is still misused, the problem is not…
A Surprise Visit Isn’t About Catching People — It’s About Reestablishing Standards

A Surprise Visit Isn’t About Catching People — It’s About Reestablishing Standards

Pholus Advisory | 08/06/2025
Surprise visits are one of the few tools leaders can use to cut through polished updates, staged reporting, and unchallenged routines. But the objective is often misunderstood. These visits are not meant to expose individuals or punish teams. Their purpose is to reassert expectations, reestablish accountability, and observe what happens…
What to Do When You Realize a Local Partner Is Moving Dirty Money

What to Do When You Realize a Local Partner Is Moving Dirty Money

Pholus Advisory | 07/23/2025
Realizing that a local partner may be involved in illicit financial flows is one of the most difficult positions a project lead, donor, or investor can face. The relationship is often established. Money has already moved. Public alignment may exist. But once the red flags are confirmed—or even strongly suspected—inaction…
How to Tell If a Local Business Is Just a Shell for Moving Someone Else’s Money

How to Tell If a Local Business Is Just a Shell for Moving Someone Else’s Money

Pholus Advisory | 07/16/2025
Not every business is what it claims to be. Behind storefronts, digital platforms, or community ventures, some entities exist primarily to transfer, obscure, or clean money for other actors. These businesses are operational in form but hollow in function—designed less to sell a product or service and more to facilitate…
The Early Warning Test: When Civil Unrest Signals a Coming Insurgency

The Early Warning Test: When Civil Unrest Signals a Coming Insurgency

Pholus Advisory | 05/24/2025
Not all civil unrest leads to insurgency. But all insurgencies begin with unrest that was either ignored, misread, or dismissed as temporary noise. For organizations operating in fragile environments—especially those with field teams, strategic assets, or donor-backed infrastructure—the ability to distinguish between episodic protest and pre-insurgency conditions is a governance…
Project Contaminated? Here’s How to Wind Down, Isolate, or Divest

Project Contaminated? Here’s How to Wind Down, Isolate, or Divest

Pholus Advisory | 05/01/2025
When a project becomes reputationally, politically, or ethically compromised, leadership faces a critical decision: stay, fix, or exit. In fragile markets, even the appearance of contamination—from allegations, internal misconduct, or partner exposure—can be destabilizing. If left unmanaged, it spreads beyond the project itself, infecting donor confidence, staff morale, and organizational…
Unchecked Founder Panic Can Turn a Manageable Crisis Into a Meltdown

Unchecked Founder Panic Can Turn a Manageable Crisis Into a Meltdown

Pholus Advisory | 01/17/2025
Crisis is inevitable in frontier markets and fragile economies. Supply chains break, political winds shift, funding cycles stall, and key personnel exit. For founders, these pressures can trigger more than strategic challenges: they can provoke emotional responses that ripple outward. A crisis doesn’t need to derail a project, but when…
Founders Can Spiral Fast in Crisis — Unless You Intervene Early

Founders Can Spiral Fast in Crisis — Unless You Intervene Early

Pholus Advisory | 12/02/2024
In high-pressure environments, founders are expected to be visionaries, decision-makers, and stabilizers. But when crisis hits, even the most composed founder can spiral—emotionally, operationally, or reputationally. Early intervention by boards, advisors, or key partners is not interference. It is risk mitigation. In fragile ecosystems, founder behavior during crisis determines whether…
How to Know If Your Local Campaign Is Actually Driving Demand

How to Know If Your Local Campaign Is Actually Driving Demand

Pholus Advisory | 09/08/2024
In complex or fragmented markets, local campaigns often get greenlit based on urgency or proximity, not evidence. Billboards go up. Radio ads run. Local agencies report “good engagement.” But actual demand doesn’t materialize. Whether you are funding a program, investing in a startup, or backing an advocacy initiative, knowing whether…
When Crisis Hits, Founders Panic — Here’s How to Respond Strategically

When Crisis Hits, Founders Panic — Here’s How to Respond Strategically

Pholus Advisory | 09/06/2024
Founders often appear steady during early-stage growth. But when real crisis hits—whether legal, operational, or reputational—the pressure exposes new fault lines. Panic sets in quickly. Public silence gives way to frantic outreach. Decisions start stacking without coordination. In fragile environments or donor-facing operations, this isn’t just disruptive. It’s dangerous. Stakeholders…
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