Hi, Same problem!
When I bought my iphone 12 pro initially all was well on the first boot, but later that day I turned it off and on again and I was horrified to see a blank screen with no logo, it wouldn't start. Then after pressing the side button again I saw the apple logo briefly flash and disappear and after about 10 seconds of darkness it loaded. The phone works perfectly fine afterwards and after hearing that it could be a software update problem on the 14.4, I decided to wait and see if the 14.5 fixes the issue. This happens every time I turn it off and on again. On the surface it seems like a small problem, but it is REALLY annoying to feel that you have paid for quality and the first thing you see is a glitch!!! Apple PLEASE fix this, I just hope that it is not the tip of the ice burg to something menacing. Sometimes I have to press the side button twice and hold it (praying nothing goes wrong), at first I thought it might be the leather case not letting the button work properly, but after using it without the case I realised the same problem exists. This is definitely affecting user experience and giving the user a sense of insecurity and it is really annoying. I'm trying to bear with it, I hope apple takes these things seriously, customers buy apple for flawless quality, there shouldn't be any 'glitches', not for apple!