Money never sleeps, and neither do the smartest wealth creators. Jason Mercer, a finance and investment expert, breaks down the strategies that affluent individuals use to generate passive income while catching Z's. This conversation with a longtime friend evolved into a masterclass on wealth-building through strategic investment.

With a background spanning investment banking at elite firms to his current role leading Cleveland Avenue's CAST US fund, Mercer's journey illuminates the critical decisions that shape financial success. Perhaps most compelling is his work addressing the stark disparities in venture funding - while Black and Latinx entrepreneurs represent about a quarter of the US population, they receive less than 2% of venture capital dollars. The $70 million CAST US fund directly tackles this imbalance, investing in underrepresented founders with unique cultural perspectives who create products that authentically resonate with diverse consumers.

The conversation ventures deep into the symbiotic relationship between product development, brand building, and market strategy. For early-stage companies, Mercer advises focusing first on creating exceptional products that solve real problems, then building brand infrastructure as you scale. Without strong branding, customers need products to be drastically better or cheaper to switch; with powerful brand equity, they'll stay loyal despite minimal differences. This balance becomes critical as companies grow - maintaining scrappy "hand-to-hand combat" customer acquisition strategies even while incorporating sophisticated digital marketing.

Looking toward 2025's investment landscape, Mercer predicts improvement but cautions founders to prioritize efficiency over "growth at all costs" mentality. The most attractive companies will demonstrate solid growth (30-50%) while moving toward profitability, rather than tripling revenue with unsustainable burn rates.

As you build your business or investment portfolio, remember: true wealth comes from creating systems that generate returns while you sleep.