Work of an IB Analyst?

I’m currently working as a sophomore intern at a small no-name boutique. The majority of the work has basically just been creating lists of investors that would possible contribute to an extremely small capital raise. I haven’t worked on any decks, teasers, CIMs or models.

I was wondering, do analysts at most IBs usually put together these investor lists? Is this applicable experience? Or is this a waste of my time given that I’m unpaid?

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