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Can someone with VC experience (on either side of the table) explain what part of an investment goes into the founder's pocket? Does it change with each deal or is there a standard percentage?

Obviously a $10MM investment does not equate to a $10MM deposit in the founder's personal bank account, but at what point is the founder no longer expected to live on Ramen?

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I don't have first hand experience, but from what I've read I think it changes with each deal. For example, Rovio just did a deal where they took almost all of the cash out. They are very profitable so they don't need the money, but they wanted to cash out some. I think most deals are the opposite of this, with not very much being taken out.

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