Bernard Hickey has shelved plans for journalism.org.nz - a website offering public interest journalism he launched on August 23.
The high profile journalist and financial commentator is to refocus on his journalism career as he drops plans for the new website.
The proposal for a scheme - compared to Pro-Publica in the US - drew strong praise and support.
But after six months looking he found nobody was willing to stump up the hundreds of thousands needed that would form the foundation of journalism.org.co.nz.
"Despite good feedback there was not a lot of money available from individuals.