FaceOf: Nick Horbaczewski, Drone Racing League Inc. chief executive and founder

Nick Horbaczewski
Updated 16 September 2018

FaceOf: Nick Horbaczewski, Drone Racing League Inc. chief executive and founder

  • The first season of the Drone Racing League was inaugurated in January 2016 and featured five races across the US

JEDDAh: Nick Horbaczewski is chief executive and founder at Drone Racing League (DRL) Inc. 

Horbaczewski founded the global drone-racing league in early 2015, and bought a company called DroneKraft to develop an internal technology department. 

He partnered with Ryan Gury, who serves as its director of product and who designed and built the league’s drones. Miami Dolphins owner Stephen Ross was one of the early investors in DRL. 

The first season of the Drone Racing League was inaugurated in January 2016 and featured five races across the US. It was broadcast in more than 40 countries, on SkySports, ESPN and ProsiebenSat.1, and more than 75 million fans tuned in to watch DRL races and content either online or on TV. The Drone Racing League has taken the first steps in delivering on the promise of futuristic, tech-enabled sport through a unique combination of live sports events, custom drone technology, and in-house film production to deliver the sport of the future.

Previously, Horbaczewski served at Tough Mudder, which are mud-run events designed by British Special Forces, a series of hardcore 10-12 mile obstacle races. During his time with Tough Mudder, which was less than two years, he served as chief strategy officer, chief revenue officer, and senior vice president revenue and business development.

He also worked at ADS, which serves the US Department of Defense, federal, state, and local agencies in support of homeland defense and homeland security operations. He worked there for over three years as vice president of corporate development. 

Horbaczewski is also the founder of Leeden Media, founded in 2006. He is the previous senior vice president revenue and business development.

In 2002, he received his bachelor’s degree from Harvard University in history and literature. Part of his graduate studies was obtained abroad at Oxford University in the United Kingdom. He also earned a master’s degree in business administration from Harvard Business School in 2008. 

Horbaczewski has received several awards and titles, being included in 50 Most Daring Entrepreneurs, Guinness World Records: World’s Fastest Drone, Advertising Age Creativity Awards: Startup to Watch 2017, Cynopsis Sports Media Awards: Production Innovation, and Fast Company’s 50 Most Innovative Companies of 2017. 

The final event of this year’s DRL championship was held on Sept. 14 in Saudi Arabia. It was hosted by the Saudi Federation for Cyber Security, Programming and Drones at King Abdullah Economic City in Jeddah, where 10 of the world’s best drone racers competed to be crowned world champion. More than 4,000 spectators attended.

Crown prince says Saudi investments in India to reach $100bn

Updated 2 min 34 sec ago

Crown prince says Saudi investments in India to reach $100bn

  • Mohammed bin Salman says value of investments to increase rapidly over next two years
  • Modi praised relations between the two countries after signing cooperation agreements

DUBAI: Crown Prince Mohammed bin Salman said on Wednesday he expects Saudi Arabia’s investments in India will be worth $100 billion in the next two years.

During a press conference with India’s Prime Minister Narendra Modi, the crown prince said the Kingdom had invested $10 billion in technology and small companies in India which had “achieved very remarkable returns.”

Speaking on the second day of hist India visit, and after the signing of five agreements with Modi, the crown prince also said that there were many opportunities for India in Saudi Arabia.

“We expect that the opportunity we are developing in India in many fields will exceed 100 billion dollars over the next two years,” Prince Mohammed said. “We want to work as two governments to ensure these investments and achieve beneficial returns for both countries. 

“We also hope that relations between the Kingdom of Saudi Arabia and India will contribute to providing more opportunities for Indian laborers and manpower to contribute to the future of the Kingdom of Saudi Arabia and building the Kingdom's Vision 2030.”

The crown prince spoke of the depth and history of relations between the two countries, acknowledging the role Indian labor and businesses had played in the Kingdom’s development.

He also said the economic partnerships were grounded in the two nation’s similar challenges - “extremism, terrorism and the security of the Indian Ocean.”

He said Modi’s visit to the Kingdom in 2016 had achieved investments worth $44 billion in refining and petrochemicals.

The two countries planned to expand India’s oil storage capacity to make India an “important regional center in distributing oil and its products.”

The crown prince and Modi earlier oversaw the signing of agreements in the fields of investment, tourism, housing and information and broadcasting.

The crown prince arrived in India after a two-day trip to Pakistan as part of a tour of Asia.

Earlier he attended a ceremonial welcome in New Delhi after landing in the country on Tuesday evening.