[MrDresden]

Personally, I would feel uncomfortable staying with such a company.

My advice would be to leave as soon as possible. If no technical work is happening then you are not building anything for your resume, and if the company goes under then its bad practices might be revealed. That would make the time you spent there seem like a toxic spot on your career.

On revealing them, I feel the VC is required to do their due diligence and the amount of legal headache and exposure you as an individual would have to deal with if ever discovered to be the revealing party is not worth it.

Exit, and tell friends to avoid being hired by this firm.