I have this burning desire for starting a social network but I lack the programming skills to achieve it. sometimes just wishing I had the money to hire the programmers to help me realize the project. Most times i have noticed the rate at which crypto-blockchain projects are failing recently is alarming, seeing that most are focused on delivering the latest cutting edge and must complex solutions, which is a good one in my view.
On a serious note I'm absolutely convinced that usability is the way to go with simplicity as it focus, rather than multiplicity of features not needed at the infancy of a project. Driving a good user base at starting is very good for growth.
You need a strong team for your backup if you are planning to launch a social network site because the expense which you have to face to entirely develop a social network would be high enough until you yourself develop the entire platform. If you are running a low budget project then you can learn programming and developing yourself and try to develop the platform on your own.
This is what can be a better solution for you in minimal capital. There are a lot of social networking platforms out in the market so if you want to survive, you have to do something extra-ordinary which would be beneficial for the community as well to really make your platform go viral with a lot of user base.