NEW YORK (Reuters) – Investors willing to bet on Twitter Inc will have to overlook mounting losses and slowing user growth – and have faith that the eight-year-old Internet messaging company can transform a household name into advertising dollars.

Fund managers who were optimistic about Twitter’s financial prospects shrugged off its latest $65 million quarterly loss as standard for startups chasing growth, pointing instead to revenue growth that more than doubled.

But others warned of the risks of investing in a company with a management that has yet to prove it can generate a profit.

“It’s worth having exposure to a name like Twitter, although you have to take a conceptual leap of faith with regard to valuation, and say it’s a unique franchise that isn’t likely to go away,” said Karl Mills, president and chief investment officer for private investment adviser firm Jurika, Mills & Keifer in San Francisco.

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