Extended pre-launch building is acceptable when tackling genuinely hard problems
Insight from Immad Akhund
When to use
When your product requires solving genuinely hard problems (regulatory compliance, banking partnerships, complex infrastructure) that provide a defensible moat once solved.
Don't do this
Rushing to launch a half-baked product in a regulated or complex space, only to face insurmountable compliance or partnership hurdles post-launch.
3 Founders Who Did This
Spent 2 years building before public beta launch, another 2 years to reach confident PMF
Invested 18 months building before launch with a team of just 9. Rebuilt onboarding and payment experiences multiple times when initial bank partner failed. Prioritized perfection over speed, calling it a 'minimum delightful product' — a step beyond MVP.
Spent 8 months bootstrapping with just 2 developers building initial platform and banking connectivity layer before raising any external funding, tackling the genuinely hard problem of fintech infrastructure