In short: yes. A $1k monthly expense is a lot easier to book than a $12k purchase that depreciates over time.

And from an investor point of view, if the business fails you don’t have to worry about the sell off / write down of any hardware that was purchased to get the company started.

The simplification of OpEx vs CapEx is worth a decent premium, especially in the early days when no one knows if the company really has a chance and everyone is scrambling to figure out what you’ll be when you grow up (aka product / market fit).