It's not so much the social embarassment of admiting that it's more about on how much you could save by starting simple in the beginning.
fast ferd said:Projects like this often turn into a costly adventure. A money pit. You end up with a unique bike that gives you a mark of coolness with everybody. Just don't tell them it cost you $500 to assemble.
Better to find a complete bike and refurb it with new tires, chain, and cables. Or snag one of those brand new eBay bikes for cheap.