Final answer:
Lazard bankers may be hesitant to pay a higher price for the Washington Post's IPO due to the risks associated with small companies going public. Venture capitalists' preference for closely monitoring the company's management and strategy may also play a role.
Step-by-step explanation:
Lazard bankers may be hesitant about paying a higher price for the Washington Post's initial public offering (IPO) due to the risks involved. When a small company goes public, there is uncertainty about its future success, making investors cautious in paying a higher price for its stock.
Additionally, venture capitalists, who are private investors, may prefer to closely monitor the company's management and strategy before investing, which could affect their willingness to pay a higher price.