This is an interesting question I hadn't really considered. Yeast multiply during an aerobic growth phase requiring oxygen. However, if pitching on a cake where the cellcount may already be high enough, it would seem you could go straight to the anaerobic phase where alcohol is produced. I suppose the risk, depending on the health of your yeast and the amount of sugar in the followup beer, is do you have a high enough cellcount without a growth phase.
It seems like low aeration/oxygenation would be good to me, but I'm just rambling.