What board did you buy?
ASUS P8Z77-V PRO
What board did you buy?
You should still get a display without RAM installed (i think). Have you tried booting without RAM installed? Sounds like an iffy Mobo, time to RMA it
Watch this - http://www.youtube.com/watch?v=9azllBzU5PU
So if you have a Red light, hold the button till it blinks and let it try and post.
Just a thought before you send it back, have you tried just firing up the motherboard with some memory and the CPU outside of the case to check there's not a random short?