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Drone Racing League CEO Nicholas Horbaczewski joins Forbes senior writer Jabari Young at the Nasdaq MarketSite to discuss the business of racing drones and update the status of the Generation Z sports startup.<br/><br/>Founded in 2015, Drone Racing League, or DRL, is a sports technology and entertainment startup that hosts yearly tournaments where drone pilots compete for a cash prize. Horbaczewski says DRL will host its ninth season this fall and raised more than $100 million from investors, including publicly traded Liberty Media, WWE, T-Mobile, and Miami Dolphins owner Stephen Ross’s RSE Ventures—the league’s most prominent backer.<br/><br/>“It’s Formula One but with drones,” Horbaczewski tells Forbes, describing DRL. “What we’re doing is hard,” Horbaczewski adds. “It’s a combination of sports, technology, and media. So, our investors represent the best of those industries coming together to build something novel together.”<br/><br/>In the interview, the DRL chief executive explained how he lured notable investors for capital and forecast plans to expand globally. <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Meet The Guy Who Raised Over $100 Million To Race Drones

⏲ 24:34 👁 7.7M

CNN

See what happens when Trump supporter talks to CNN reporter about the Constitution

⏲ 5 minutes 1 second 👁 94.6K

PF Racing Media

Banger Racing - King's Lynn May Bank Holiday 2022 (4k Highlights)

⏲ 8 minutes 42 seconds 👁 3.1K

Burnley Live will take place over the May Day Bank Holiday Weekend – Friday, May 3rd to Monday May 6th

Burnley Live 2024 promo

⏲ 6:0 👁 26.1M

jambyc01

Motorcycle racing Japan - CRAZY!!!

⏲ 4 minutes 43 seconds 👁 3.4M

bonusbank

Make Money From Racing Promos With HorsePower

⏲ 3 minutes 49 seconds 👁 895

Introducing the G923 Racing Wheel and Pedals from racing bank

Introducing the G923 Racing Wheel and Pedals

⏲ 0:50 👁 14.3M

Racing Profits

Setting Up Your Betting Bank - Horse Racing Today - Racing Profits

⏲ 10 minutes 👁 2.1K

3Dbotmaker

Top 10 Overtakes of 2021 Diecast Racing Tournament Series

⏲ 11 minutes 56 seconds 👁 1.5M

Persistently high inflation in the United States could see the world's most powerful central bank delay cutting interest rates. But does that mean Australia will do the same? Alan Kohler explains when borrowers here might be able to expect some rate relief.

Alan Kohler Explains: Inflation in Australia differs from the US

⏲ 1:38 👁 29.5M

H1 Unlimited

FULL RACE2022 HomeStreet Bank Cup at Seafair

⏲ 44 minutes 54 seconds 👁 2.8K

Dirt Track Bank

Dirt Track Bank Racing Episode 4 - Boone County Raceway, Albion NE - May 13, 2023

⏲ 30 minutes 22 seconds 👁 439

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