Earlier quoted context omitted.
You seem to forget that some businesses exist before VC funding. Arduino started out as an open-source project, with further development funded by the sale of physical hardware. They did not need tens of millions of VC funding for that, and they independently developed the "cool stuff" people here care about. Unlike most startups seen here, they were not selling stuff at a loss in the hope of conquering the world and…
users, especially beginners, like consistency. So you call that "stagnation" I call that "avoid adding stuff that people don't really need". We make more than 100 different products so we haven't stagnated at all.
Look, I had fun with Arduino back in the days, but in 2023 you folks simply don't have an attractive product range anymore. When I open Adafruit's website I am almost guaranteed to immediately be greeted by a handful of brand new products which immediately look interesting to me. When I open the Arduino website I have to do a lot of effort to even find a product lineup, and even when I manage to finally get there it isn't at all obvious what I should buy and why.
I own several Arduino products, and I genuinely forgot you existed. For your sake I sincerely hope I just live in a massive filter bubble and am massively mistaken about the hobbyist market.