The term 'early version' can refer to two different concepts: a DRAFT and a BETA. A DRAFT is a preliminary version of a document or other work that is subject to revision and editing. A BETA is a pre-release version of a product that is made available to the public for testing and feedback. Both drafts and betas are important steps in the development process of any product, as they allow creators to make changes and improvements before the final version is released.