Do you have the memory in the white slots? If not please move it there.
Then try clearing the CMOS, if that does not help remove the CPU and check to be sure you do not have any bent pins.
A larger PSU would be ideal, but I think you should be able to boot with no graphics card installed and that PSU, I could be wrong though and that PSU may be too small or even not compatible.
Test with another PSU if you can borrow one, before you remove the CPU to check for bent pins. That would be a last resort unless you aren't sure about it, if you check be careful so you don't bend any while trying to check.