Originally Posted by
Stir
As others have said, the downward velocity is not altered by adding a lateral component.
So the only way to stop your friend's downward velocity is to apply upwards velocity that is equal to, or greater than, your friend's downward velocity. Assuming you have no tools to aid you in this, the force would be applied through the means of a clenched fist.
So you'd have to add a force great enough to lift your friend's body (making it defy gravity) and at the same time be greater than the force generated through the downward velocity of your friend's body falling thirty foot.
Depending on where you touch your friend, be it sternum or abdomen, your fist may well penetrate your friend's body and come out on the other end. In the process, severe damage may be done to your spine, since the falling body is an active component rather than a stable one (it enacts great force on your body, rather than, if the falling body were stationary, your body only affecting the falling body without reciprocating force). If you try any other method than a strike (with a clenched first), you'll likely suffer great trauma, and may not even survive.
All in all, both your own chances and those of your friend are better if you simply let them hit the ground.
Edit: As for the angle of the parachitist: This is to lose velocity when already touching the ground. Running/rolling it off. An angle is required, because you cannot roll/run off your speed straight down into the ground.