I would take exactly the opposite view of Tim Kara above.
Exactly because a job is hard to come by now, now is the time to take a risk on a new company. If it fails, by that time perhaps the economy will continue to improve and it will be relatively easy to get a job.
Also for truly good developers it's always easy to get a job. Yes even now.
Appeal to the fun and intangible advantages of a startup; obviously explicit immediate compensation will never be an advantage.
Finally, there isn't a single location where awesome people hang out looking for a date, any more than any other profession. It's always hard to find excellent people, and usually "networking" is the answer.