I think the mods should open up-and only use the official app to mod. If anything would scare future investors away, it would be giant mess reddit would become.
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I would think (hope) that any of the good, decent moderators have already begun the migration over and the replacements are just going to be awful. Many moderators of the big subs have been doing it for some time. Thats a lot of brain drain. I wouldn't want to invest in a company that wants those in supervisory roles to be bodies rather than quality contributors.
Didn't they already do that on /r/tumblr? Why threaten what you already did?