Did you put two stroke air cooled oil in the fuel about two and one half ounces per tankful to start out with.
Is the choke lever in the right position.
Did you leave the petcock on overnight, flooding the engine, because the float is not adjusted properly.
Remove the air filter and make sure you know which way the choke lever is open or closed. leave it open.
Put the air filter back on.
Remove sparkplug is it wet with fuel oil mix. Dry out out with a towel or hair dryer .
Grasp the carb and try to move it .
If it moves at all seal it to the intake with rtv silicone.
Sometimes there is gunk in the fuel tank.
Do you have a fuel filter on your bike.
You said you have fuel .
Did you just look in the tank??
Or did you close the petcock remove the two screws holding the bottom of the carb on.
Remove the bottom of the carb..
Turn on the petcock .
Fuel oil mix should run freely through the needle and seat.
Close the petcock.
Look in the bottom of the carb fuel bowl. For goo rocks dirt.
Or anything that is not gas.
If you see anything at all your jet is probably clogged.
Find a needle or straight pin.
Twist the throttle to wide open and insert the straight pinstraight up into the hole on the bottom of the brass tube sticking down from the carb that goes into the fuel bowl.
This will remove any debris from your jet.
You may also remove the jet by unscrewing it and then checking for a clogged orifice.
This thread will help.
http://motorbicycling.com/f39/motorized-bicycle-carburetor-install-rebuild-302.html