Kodiak’s Volpe unfairly tarnishes angel investors

Louis Volpe, a managing general partner at Kodiak Venture Partners, penned a commentary in Forbes warning entrepreneurs that not all angels are "saviors." Ignore for a moment that this message is coming from an early-stage venture capitalist who may compete with angels for deals. Instead, let’s focus on the triteness of Volpe’s viewpoint and his misleading use of data.

Of course there are bad angels out there, much as there are bad venture capitalists, bad entrepreneurs and bad magazine editors. Volpe cites returns data from a recently issued report on angel investment to dramatize his message. From the article (emphasis his):

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