TO Current Bankers--Private Placement--Advice?

Answers to your questions:

A) don't need a b/d to do a private capital raise involving angels, particularly if they are accredited investors

B) 8% is very, very aggressive. 5% is more typical for this kind of representation

C) If you need to read a book/case to structure smoothly, then you and your clients would probably be better served by partnering with someone who has a track record doing placements and can effectively deal with structuring and term sheet negotiation. That being said, the book you would want is "Deal Terms - The Finer Points of Venture Capital Deal Structures, Valuations, Term Sheets, Stock Options and Getting VC Deals Done" by Alex Wilmerding

My advice: if you don't know how to do a placement, the more appropriate route to monetizing the introduction is negotiating a finders fee. Best of luck!