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Is cool.com most valuable domain name?? As they have reportedly turned down an offer worth $38 million ($8 mil cash + $30 mil stock worth).. 
Read full story here.. Link
excerpt from article:
Read full story here.. Link
excerpt from article:
Tim Lee was a senior in college five years ago when he registered the domain name Cool.com, almost on a lark. Friends scoffed, but Lee may be getting the last laugh: He says he recently got an offer for the name worth up to $38 million.
Lee turned down what would have been a record price for a domain name, although he and his partner say they are still considering some kind of partnership with the investor, whom they would not identify. Lee says they were unable to accept the offer because by then they already had agreed to take $1 million from a venture capital firm in exchange for an undisclosed stake in their company.