You can also use Python's random number generator to get random subsets.
Let's say you have 100 points in your feature class, and you want a subset of 70 random points. Make a new Short Integer field in the feature class, then use Calculate Field. Make sure you change from VB to Python, and use this code:
arcgis.rand("Integer 1 100")
Then sort the Attribute table by the random number, and select the first 70 records.