In mammals, the selective transformation of transient experience into stored memory occurs in the hippocampus, which develops representations of specific events in the context in which they occur. In this talk, I will focus on the development of hippocampal circuits and the self-organized dynamics embedded in them since the latter critically support the role of the hippocampus in memory. I will discuss evidence that adult hippocampal cells and circuits are remarkably sculpted by development, as early as embryonic neurogenesis. We argue that these primary developmental programs provide a scaffold onto which later experience of the external world can be grafted. Next, I will present data on the emergence of recurrent connectivity and self-organized dynamics in hippocampal circuits and outline the critical turn points and discontinuities in that developmental journey.