Gosh, I think their website is pretty dreadful! The images evoke horror, not romance; the font looks unprofessional; black text on a nearly-black background is impossible to read (until the background inexplicably switches from a black building/alley to a whitewashed stone wall); and though they say they're a GLBT publisher all of the language on the website says 'gay men' and 'lesbian' or 'gay women'; nothing at all about B or T.
They don't specifically say what rights they buy, but from the language I'm inferring they take all rights. There's no info about who owns the press or who the editors are. The website is registered via a proxy.
A bit of googling suggests that Lily Velden is a WIP
author and
editor and
executive director.
Editing to add: Ah, the other co-founder is
Andrew Gordon, another author. I can't see that either of them have any prior experience from the publishing side of the industry. Both seem to have previously published with Dreamspinner.
Aside from her writing credentials, cofounder and Executive Director, Lily Velden, holds a degree in Fine Arts and a Diploma in Accounting. In addition, she has started, run, and sold several successful small businesses, and for several years headed the Financial and Administration department of a large multi-million dollar corporation. Lily is using the business management skills she learned through practical experience in conjunction with her Fine Arts degree to bring a creative, yet professional eye, to Wayward Ink Publishing.
Wayward Ink's other cofounder comes equally skilled. Andrew Q. Gordon is a lawyer by day and writer by night. He's also been a successful investor for more than fifteen years.
So, my guess is author(s)-turned-publisher. As usual, I'd suggest giving the press a few years to see how it's going to do.
It doesn't impress me that the first sentence in Ms Velden's story in WIP's first published work has a typo in it..... ("My gaze rake over him as he enters my bar.") Ditto for Mr Gordon's
GoodReads page ("Wayward Ink is publishing it’s second anthology,
Love, Loss, Laugher and Lust).