Is this when it reboots, or any time you turn it on?
Am I right in thinking all the lights come on, hard disks and fans spin up etc. Just nothing actually happens. Then if you power cycle it or press the reset button it works?
If this is the case, check 2 things:
1. power supply. (doubt this is the problem)
2. How many plugs are in the one socket? Are you using a multi-plug extension lead or something?
If so, plug the base unit into a plug socket on its own and see if that helps (has helped me before)
Also, as you bought the mobo on ebay, it may be faulty. Not really sure where you can start to test this though.