If you are in the U.S., wait until you become accredited and have enough excess cash that you can do this part time. Otherwise, make this your full time job an

If you are in the U.S., wait until you become accredited and have enough excess cash that you can do this part time. Otherwise, make this your full time job and make sure you have enough income to wait 8-10 years before you start seeing return. You can also invest in a first time fund, where the manager will charge 2% management fee and 20% carry (success fee). Getting access to entrepreneurs depends on your geography but generally if you make yourself useful to entrepreneurs, with or without investing, you can start generating dealflow. Start with small checks, you will mess up in the beginning, so make these mistakes less painful. Read venture deals and watch all the videos from YC investor school.