Bandersnatch Website:
Bandersnatch Books is a cooperative of writers, artists, editors and designers who are joined together to bring the best fiction to the reader that’s possible.
No one has any previous publishing experience and where biographies are given for the founders, it does not appear that those citing editorial experience have worked for a commercial publisher.
It seems from their blog that the first release will be The Dreadful Doctor Faust by Karen Koehler, but I'm not clear when that is supposed to happen and there's a disturbing lack of information on the site as to where it can be purchased from - certainly there isn't any obvious way to buy it from the site direct.
It appears also the The Dreadful Doctor Faust was not intended to be the first release - that was meant to be The People On The Island by T m Wright but apparently they had cover issues, which does not reinforce confidence.
All in all, while I think they're a well-intentioned group of people, I'd want to see what happens to the books that they manage to actually get out first.
MM