I really appreciate the level of engagement this thread has generated, and as always it’s great to see both Lynn and Don contributing here.
To clarify the balanced vs. single-ended discussion: I don’t think anyone is arguing that balanced is inherently inferior to single-ended, or vice versa. Any engineer understands that both approaches involve tradeoffs, and that those tradeoffs are highly circuit-dependent. Where my earlier comments were coming from is the fairly common assumption among audiophiles that “balanced is automatically superior.” Unfortunately, the reality is far more nuanced than that.
Both topologies have strengths and weaknesses, and neither is universally better. My goal was simply to challenge the prevailing dogma, and judging by the discussion so far, that seems to be working

. The technical points I made earlier weren’t opinions; they’re established facts. That said, facts don’t exist in a vacuum — context and implementation matter, and circuit design determines how (or whether) those facts apply in practice.
@DaveC113 — great to see your contribution here, and you’re absolutely right regarding the Aikido circuit.
@Lynn Olson — as always, a master class. I wouldn’t describe the Aikido as a conventional SRPP so much as a variant or close sibling rather than a textbook implementation, but I think we’re largely debating semantics at that point.
As for the Raven and The Dawn: this thread isn’t intended to be a full design overview. I’ll start a separate thread as we get closer to release. That said, I do want to clear up some confusion.
The Dawn is designed to be a more accessible preamp, with its lineage rooted in the DS2 (Aikido) and implemented as a single-ended line stage. We didn’t feel we could bring the Raven to market at a significantly lower cost while preserving the level of performance we consider essential — part of that is due to the Raven’s balanced architecture, which needs to remain balanced for the circuit to operate optimally.
That said, The Dawn is a very different animal from the Raven. Because the designs diverge so fundamentally, each circuit has its own inherent strengths and limitations. Our approach with The Dawn was to lean hard into those strengths while minimizing the drawbacks. The design goals were an ultra-low-noise preamp with excellent timing coherency and wide bandwidth, while preserving what we believe is one of the core virtues of tubes: their harmonic character.
We don’t see even-order tube distortion as something to be “designed out.” In our view, that is the feature.
We’re confident we’ve exceeded our original goals. Current measurements show a noise floor below –115 dBV, with a textbook harmonic profile dominated almost entirely by second-order content and vanishingly low higher-order components. To put that in perspective, fourth-order distortion is buried below the analyzer’s noise floor

. I’m not aware of many commercial tube preamps under five figures achieving that level of performance.
That said, I won’t give everything away just yet — more details will come when we’re ready to formally introduce the product

.