It is a criticism that quickly puts black entrepreneurs on the offensive.
And there are more wealthy black entrepreneurs now to make such resources available.
Professor Watson believes independent black entrepreneurs need to keep in mind the civil rights movement of the 1960's.
Some say the divisions are in fact positive for black entrepreneurs.
"Young black entrepreneurs have to break that barrier," she added.
Education has also improved access to capital, long an obstacle for black entrepreneurs.
Soul to Go is a partnership of black and white entrepreneurs.
She started the book club with her own funds and those of three black entrepreneurs.
With these advantages, a growing number of black entrepreneurs are counting on the Internet to help small businesses.
Carole Joy is considered to be the third or fourth largest company run full time by black entrepreneurs.