Wait a few seconds, and the Android boot animation will appear in the AndroVMplayer.
Typical problems
STEP 8: THE ANDROVMPLAYER BLOCKS ON “WAITING FOR CONNECTION FROM VM”
If the VM shows a Management IP, try to connect to the VM through adb. If it doesn’t work, then turn off your firewall
If the VM doesn’t show a Management IP, the your network adapter is not well configured