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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

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aleinad

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A to Z

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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 👁 4.7M

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Talking Tom & Ben Newshttps:o7n.co News

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Game

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Watch the official trailer for the Max music documentary Call Me Country: Beyoncé & Nashville’s Renaissance.<br/><br/>Stream Call Me Country: Beyoncé & Nashville’s Renaissance April 26, 2024 on Max!

Official Trailer for Call Me Country: Beyoncé & Nashville’s Renaissance

⏲ 0:54 👁 910K

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Game

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Childish Gambino has previewed two new tracks featuring Kanye West and Kid Cudi.

Childish Gambino has previewed two new tracks featuring Kanye West and Kid Cudi

⏲ 1:33 👁 275K

Yin Yang

OU The movie 1 fong

⏲ 1 minute 35 seconds 👁 291

Game

⏲ 1 minute 👁 1.5K

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