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I don't really see how this is worth a 1.12B valuation - even with this amount of users. I also think that the pricing for Slack is over the top.

I used Flowdock https://www.flowdock.com/ for about a year for a distributed team, before Slack even existed.

From what I can tell Slack is a direct copy of Flowdock from top to bottom in regards to features, while Flowdock charges $3/mo/user.

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Slack is massively better at dealing with documents.

I don't really see the difference. Care to elaborate?

dealing with documents is a billion dollar feature?

Companies aren't valued on features. They're valued on how much money investors think they can make, which is usually a function of how fast they can acquire users, which is often greatly affected by their execution on simple features.

For enterprise (large, bureaucratic organizations), I imagine that it would be.

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