Is the norm to build and test until you have a live system where users have been...

frankwong on Oct 28, 2011 | parent | context | favorite | on: Thanks PG, applying to Y Combinator cost me a shot...

Is the norm to build and test until you have a live system where users have been using it over many iterations of feedbacks and alterations before approaching investors? At earlier stages than that is generally a bad idea to approach them? Thanks.