How to structure a deal between partners and investors?

[Paul Tanso]

I have a question that may or may not have a one size fits all answer, but here goes. My partners and I are looking at a deal that will require us to round up investors. We are planning to target family and friends. We aren’t quite sure how to structure the deal, though. Assuming the original partners (me and two other guys) take x% and set aside the remaining x% that will go to our investors – what are the typical percentages for each?

Or is there a better way of dividing up profits when brining on investors?

I would love to hear people’s experiences, please.