No, there is a vent under your gas cap that prevent your tank from making a complete seal -- meaning that gas won't flow to your carbs. It's that little nub looking thing on the underside of the cap (that is now colored red). If that gets clogged (by a sealer, for example, or bits of crap get in there somehow) it'll block it and your bike will die due to fuel starvation. You can clear it with a pick tool or even drill another small hole in the underside of the cap (not all the way through the cap -- there is space between the rubber seal that goes around the underside of the cap and the top side of the cap to let air escape. These vent blockages can sometimes become known after you change the gas cap seal -- old, cracked ones don't seal so the vent blockage isn't apparent.
You can test it by firing it up with fuel in the tank and the cap open, then close it. If it dies shortly (a minute or two) then that's your likely culprit. A clear inline fuel filter will also let you see if/how well gas is flowing to the carbs from the tank.