Would you want to moderate Reddit? I get that Apollo is in a good position to take their users with them, but it's not like it's going to be easy to build a Reddit when what you've made so far has been a frontend for Reddit and some mobile widget spin-offs.
Many of us can make a frontpage for hacker news in a few hours, some might even be able to grow a userbase on it but that doesn't mean we can do what dang does.