Proof of Theorem 9.1. Suppose that and are each theories of -categories; that is, they each satisfy axioms C.1-5. By the versality axiom C.5 we have left adjoints
and natural transformations and such that is an equivalence. Then the theorem follows provided that we demonstrate that both and are autoequivalences. We will show this for . The argument for is identical.
Thus is a colimit preserving endofunctor along with a natural transformation . Since is dense, Lemma 9.2 ensures that there is a natural transformation whose composition with is . To see that is an equivalence, let be the full subcategory spanned by those such that is an equivalence. Since preserves colimits, is stable under colimits, and since is an equivalence, it follows from (C.2) that . ∎