Monthly Archives

June 2018

Yahoo Finance: This ex-Googler pawned her 24-karat gold jewels

By | In the News

[from Yahoo Finance] This ex-Googler pawned her 24-karat gold jewels she inherited from her mother and sold some of her Google stock to launch her new

Chia-Lin Simmons doesn’t seem like the kind of person to launch a fashion-focused startup. “In my native form, I’m basically in a Google T-shirt and yoga pants talking to engineers,” Simmons told Business Insider.

And yet, Simmons is the founder of LookyLoo, an Oakland startup that is wholly centered on fashion. LookyLoo plans to use artificial intelligence to help women identify the proper fit while shopping for clothing, which would let women consult other women on the platform throughout the shopping process. Think of it as having an unbiased opinion at your fingertips when trying something on in a dressing room.

LookyLoo’s platform is in its infancy, with the app slated to go live across the US in September, but Simmons’ vision has already gotten some attention — she spoke at San Francisco Design Week in early June about AI’s role in the future of retail.

Simmons has yet to delve into funding rounds for her company, so no money has been raised yet. But to get the ball rolling on LookyLoo’s early development, Simmons sold some of her Google stock — and took the 24-karat gold jewels her mother had given her to a San Francisco pawn shop.

“This is how women founders move; we don’t get the benefit of the doubt,” Simmons said.

Simmons’ experience in tech spans more than 20 years. She’s held executive positions at Amazon’s Audible, Time Warner/AOL, and Samsung’s connected car business Harman before joining Google’s Play division in a global partner marketing role.

“Nobody turns down Google. They’re like the mafia,” Simmons said. “They call, you’re like ‘OK.’”

She and her two male cofounders, Rafael Saavedra and another who chose not to be named, have been around the block of Silicon Valley’s tech industry, a field known for being dominated by fresh-eyed and bushy-tailed 20-somethings.

“We’re not 22 and just graduated; we know what it means to build technology,” Simmons said.

She’ll kick off funding rounds for her company soon, but in the interim, she said she’s lucky to have been able to live off of her Google stock and the funds she made from her heirloom gold, a privilege unafforded to the majority of female founders in the startup territory.

“This is where most women’s businesses and startups fail, they don’t get that first vote of validation,” Simmons said.



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Contest: Know a great story of ‘Two Hearts One Journey’? We want to hear it!

By | from Staff

2018 marks the 40th Anniversary of American Jewelry and Loan. We’ve introduced The Lili Gold Signature Collection  as part of our celebration of this milestone.

The design, Two hearts. One Journey, celebrates the journey that Les describes in his New York Times Bestselling Book, For What It’s Worth: Business Wisdom from a Pawnbroker, which he dedicated to Lili.  In addition to sharing business wisdom, the book shares stories from the journey that they’ve shared.

Now, we want to hear other stories that fit into this same theme! Share a brief story (1,500 words or less) that either describes your personal journey or someone who authorizes you to share theirs, entitled “Two Hearts One Journey”. Add a compelling photograph and submit it via email to [email protected] between now and July 1, 2018. We’ll post the stories to our blog and social media channels and followers will vote for their favorite. Total ‘likes’ will be calculated alongside our judges’ scores in the following categories:

  • Fan favorite: 40 points
  • Message quality and originality: 20 points
  • Photo quality and originality: 20 points
  • Heartwarming story: 20 points

The three winners will receive a set from the collection: Small pendant, Set of Earrings, and Bracelet in Sterling Silver. Winners will be announced shortly after the contest ends, no later than July 30, 2018.  Click HERE for full contest details and requirements.

Metro Detroit's Best Place To Buy Electronics: American Jewelry & Loan

American Jewelry and Loan Named to ‘Best of Detroit’ List

By | Detroit Love

For the fourth year in a row, readers of HOUR Detroit Magazine have voted American Jewelry and Loan as the BEST place to buy electronics. We boast the largest selection of laptops, tablets, video games, kicker boxes, DJ equipment, speakers, televisions, and other electronics in the Metro Detroit area at our THREE locations in Hazel Park, Detroit, and Pontiac.  Rest assured, you can purchase with our easy payment terms including free layaway and easy financing. Protect your purchase with our exclusive warranty!