You have to press the "Any" key
From my notes:
The limited intelligence of the power management unit PMU) is a major annoyance. The PMU may refuse to boot the Portable even when all components are fully functional. Even when fitting a fully charged battery, the PMU may require occasional resets, so make them a regular part of your diagnostic routine for the Portable. Later desktop and portable Macs have better PMUs which do not require such frequent resets.
My preferred method of resetting the Portable PMU is a bit more thorough than the one described by Apple:
1. Shutdown the Portable if it is running.
2. Unplug the power adapter.
3. Locate the Reset and Interrupt switches on the left front side of the case below the keyboard. Reset is the one with a simple triangular icon.
4. Slide the locking switch towards the rear of the computer to enable the Reset and Interrupt switches.
5. Hold both switches down for 15 seconds. Release the Interrupt switch first. If you perform a PMU reset while the Portable is running, the Mac should now power off.
6. Slide the locking switch towards the front of the computer so that the Reset and Interrupt switches can't be operated accidentally.
7. Wait for four minutes before reconnecting the power adapter.
8. Press any key to restart the Portable.