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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 👁 7.6M

UZBFLY

World Of Tanks BlitzSTREAMBY FLY

⏲ 37 minutes 54 seconds 👁 2

mylosairplanefan

(4K) Watching BIG cargo planes! A Plane spotting day at Liège (747, 777, A300 & 737)

⏲ 14 minutes 14 seconds 👁 199

On-loan Sheffield United man Ben Brereton Diaz discusses his future, his form and the Blades' defeat at Manchester United

Ben Brereton Diaz on Man U defeat and his Blades future

⏲ 3:36 👁 41.9M

Nazgûl

F A-18C - Takeoff & Landing | Tutorial | Max Settings | DCS World

⏲ 31 minutes 5 seconds 👁 142

EzaseMargate PUW

Manqonqo & Airic_Izono Zami

⏲ 4 minutes 25 seconds 👁 300

NASA’s Perseverance rover captures video of solar eclipse on Mars. The Mastcam-Z camera recorded video of Phobos, one of the Red Planet’s two moons, to study how its orbit is changing over time.

Mars Gets Solar Eclipses Too

⏲ 0:50 👁 5.4M

Nagendra Nallamothu

Emirates Airlines flight closer takeoff view from Zurich Airport #nagendranallamothu

⏲ 48 seconds 👁 52

MZLV

MZLV - Fly | Official audio

⏲ 4 minutes 45 seconds 👁 129

Footage of a United States U-2 spy plane that captured imagery of the Chinese surveillance balloon that flew over the continental United States which was later shot down over the Atlantic Ocean.<br/><br/>Credit: Space.com | photos courtesy: US Department of Defense /Petty Officer 1st Class Tyler Thompson | edited by Steve Spaleta<br/>Music: Shifting Angles by Experia / courtesy of Epidemic Sound

U-2 Spy Plane Captured Stunning Image Of Chinese Surveillance Balloon

⏲ 0:58 👁 6.4M

Flight Unlimited

Boeing 747-400F cargo landing in Chicago O'Hare Airport

⏲ 11 minutes 58 seconds 👁 160

El wewe

⏲ 9 seconds 👁 3

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