This document provides advice on raising a first round of venture capital funding. It discusses preparing for and having meetings with VCs, the typical VC investment criteria, expectations for due diligence, and setting post-investment milestones. The key points are: prepare thoroughly, tell your story succinctly, address objections specifically, and establish clear expectations and milestones to show progress to investors. Having the right team, solving a big problem, and demonstrating an unfair advantage are particularly important for attracting VC interest and funding.