We consider the provision of venture capital in a dynamic agency model. In particular, we focus on the interaction between venture capital financing and product market competition: A young firm with a risky innovation project attempts to enter a market where it faces two periods of price...

1 Introduction -- 2 Financial structure and strategic competition -- 3 Credit financing and strategic competition -- 4 Venture capital financing and strategic competition -- 5 Conclusion -- References -- Figures -- Tables -- List of symbols.