[westoncb]

Can anyone comment on raising investment for software projects that might earn on the order of several million dollars but with no real potential to become 'unicorns'?

Where does someone look for smaller business ideas like this (which may have a higher probability of success, lower earning potential than typical startup targets, less initial capital required)?

[satvikpendem]

Check out micro VCs like Calm, TinySeed, etc. They operate on the model you describe, where they're not looking for 100x returns but merely several million dollars in revenue.