BTW there is also a NewTech meetup every 1st Tuesday of the month at Palo Alto on the DLA Piper Buildings(near 101).

Typically it consists of 3 or 4 demos of products(pretty much Web based applications). I saw Evernote, FluidApp, Retrevo to name a few in these meetups. It's then followed by Networking where you can look for fellow founders or even hire developers etc etc ...