K-theory of derivators revisited

Abstract: We define a $K$-theory for pointed right derivators and show that it agrees with Waldhausen $K$-theory in the case where the derivator arises from a good Waldhausen category. This $K$-theory is not invariant under general equivalences of derivators, but only under a stronger notion of equivalence that is defined by considering a simplicial enrichment of the category of derivators. We show that derivator $K$-theory, as originally defined, is the best approximation to Waldhausen $K$-theory by a functor that is invariant under equivalences of derivators.