According to a Bloomberg report, venture capital firm Kleiner Perkins Caufield & Byers is considering creating a fund devoted to cloud computing products and services. Having funded Zynga, Groupon, AppDynamics and Puppet Labs, Kleiner Perkins is no stranger to cloud-based software. That said, a fund dedicated to cloud products and services might require the Menlo Park based venture capital firm to delineate a stricter definition of cloud products and services than simply Software as a Service, which has become increasingly common in the software industry. The report notes that Kleiner Perkins may invest as much as $100 million in companies dedicated to cloud products and services this year. Given the increasing co-implication of Big Data technology and cloud computing, one possible approach for the firm might be to create a cloud and Big Data venture fund that partially follows the lead of Accel partners in creating a $100 million fund dedicated to Big Data.