diff --git a/DEVELOPMENT.md b/DEVELOPMENT.md
index 9fd818536e..3c2eee6a12 100644
--- a/DEVELOPMENT.md
+++ b/DEVELOPMENT.md
@@ -1,9 +1,95 @@
 # RustPython Development Guide and Tips
 
+RustPython attracts developers with interest and experience in Rust, Python,
+or WebAssembly. Whether you are familiar with Rust, Python, or 
+WebAssembly, the goal of this Development Guide is to give you the basics to
+get set up for developing RustPython and contributing to this project. 
+
+The contents of the Development Guide include:
+
+- [Setting up a development environment](#setting-up-a-development-environment)
+- [Code style](#code-style)
+- [Testing](#testing)
+- [Profiling](#profiling)
+- [Code organization](#code-organization)
+- [Understanding internals](#understanding-internals)
+- [Questions](#questions)
+
+## Setting up a development environment
+
+RustPython requires the following:
+
+- Rust 1.36 or higher
+    - To check Rust version: `rustc --version` 
+    - If you have `rustup` on your system, enter to update to the latest
+      stable version: `rustup update stable`
+    - If you do not have Rust installed, use [rustup](https://rustup.rs/) to
+      do so.
+- CPython version 3.7.4 or higher
+    - CPython can be installed by your operating system's package manager,
+      from the [Python website](https://www.python.org/downloads/), or
+      using a third-party distribution, such as 
+      [Anaconda](https://www.anaconda.com/distribution/).
+- [Optional] The Python package, `pytest`, is used for testing Python code
+  snippets. To install, enter `python3 -m pip install pytest`.
+
+## Code style
+
+The Rust code style used is the default
+[rustfmt](https://github.com/rust-lang/rustfmt) codestyle. Please format your
+code accordingly. We also use [clippy](https://github.com/rust-lang/rust-clippy)
+to detect rust code issues. 
+
+Python code should follow the 
+[PEP 8](https://www.python.org/dev/peps/pep-0008/) style.
+
+## Testing
+
+To test RustPython's functionality, a collection of Python snippets are located
+in the `tests/snippets` directory and can be run using `pytest`:
+
+```shell
+$ cd tests
+$ pytest -v
+```
+
+Rust unit tests can be run with `cargo`:
+
+```shell
+$ cargo test --all
+```
+
+## Profiling
+
+To profile RustPython, build it in `release` mode with the `flame-it` feature.
+This will generate a file `flamescope.json`, which can be viewed at
+https://speedscope.app.
+
+```shell
+$ cargo run --release --features flame-it script.py
+```
+
+To display the default output json file:
+
+```shell
+$ cat flamescope.json
+{<json>}
+```
+
+You can specify another file name other than the default by using the
+`--output-file` option to specify a file name (or `stdout` if you specify `-`).
+The `--output-format` option determines the format of the output file.
+The speedscope json format (default), text, or raw html can be passed. There
+exists a raw html viewer which is currently broken, and we welcome a PR to fix it.
+
 ## Code organization
 
+Understanding a new codebase takes time. Here's a brief view of the
+repository's structure:
+
 - `bytecode/src`: python bytecode representation in rust structures
 - `compiler/src`: python compilation to bytecode
+- `derive/src`: Rust language extensions and macros specific to rustpython
 - `parser/src`: python lexing, parsing and ast
 - `Lib`: Carefully selected / copied files from CPython sourcecode. This is
    the python side of the standard library.
@@ -19,42 +105,33 @@
 - `wasm`: Binary crate and resources for WebAssembly build
 - `tests`: integration test snippets
 
-## Code style
+## Understanding Internals
 
-The code style used is the default
-[rustfmt](https://github.com/rust-lang/rustfmt) codestyle. Please format your
-code accordingly. We also use [clippy](https://github.com/rust-lang/rust-clippy)
-to detect rust code issues.
+Rust crates
+  rustpython: top level crate
+  rustpython_parser
+  rustpython-vm (source is found in `vm/src`)
 
-## Testing
+Lexer, Parser, AST (Abstract Syntax Tree)
+- Lexer: `parser/lexer.rs` converts Python source code into tokens
+- Parser: Takes the tokens generated by the lexer and parses the tokens
+  into an AST (Abstract Syntax Tree) where the nodes of the syntax tree
+  are Rust structs and enums
+  - The Parser relies on `LALRPOP`, a Rust parser generator framework
+  - More information on parsers and a tutorial can be found in the 
+    [LALRPOP book](https://lalrpop.github.io/lalrpop/README.html).
 
-To test rustpython, there is a collection of python snippets located in the
-`tests/snippets` directory. To run those tests do the following:
+Compiler
+Generates bytecode from the AST
 
-```shell
-$ cd tests
-$ pytest -v
-```
+VM (Virtual Machine)
+Fetch and dispatch loop
 
-There also are some unit tests, you can run those with cargo:
+Import system
 
-```shell
-$ cargo test --all
-```
+Builtin Objects
 
-## Profiling
+## Questions
 
-To profile rustpython, simply build in release mode with the `flame-it` feature.
-This will generate a file `flamescope.json`, which you can then view at
-https://speedscope.app.
-
-```sh
-$ cargo run --release --features flame-it script.py
-$ cat flamescope.json
-{<json>}
-```
-
-You can also pass the `--output-file` option to choose which file to output to
-(or stdout if you specify `-`), and the `--output-format` option to choose if
-you want to output in the speedscope json format (default), text, or a raw html
-viewer (currently broken).
+Have you tried these steps and have a question, please chat with us on
+[gitter](https://gitter.im/rustpython/Lobby).