Time to pull the carbs.
First thing to check is to see if there if fuel in the bowls. There should be, provided your petcock has been on. If you have a vacuum-type petcock, it should have been in the "prime" position for starting and then switched to "on" on "run" after the bike is goind.
Next, check to make sure the slides (or butterfly valves, if your carbs are CV types) are open slightly. There should be a screw on the side of the carbs that adjusts the idle. This idle adjustment works by opening or closing the valves/slides a slight amount. If the screw is adjusted so that the slides/valves aren't open just a little bit, the bike will not start. They only need to be open a very little in order to work.
Finally, if the first two things check out OK, you'll probably want to pull the jets and give the carbs a decent cleaning. Something is likely blocking up the carbs. Admittedly, this would be rare to have both carbs blocked unless they have gone a long time without cleaning or have been sitting a long time without the bike running.