If you are not getting display output from SHIELD TV, follow these steps (in exact order below) to enter Display Safe Mode:
1. Restart SHIELD in "Fast Boot" Mode
2. Select the option to boot into Safe Mode. You can navigate the menu using the X and Y buttons.
3. The display resolution on boot should now be safe native TV resolution mode for your display (generally 1080p at 59.94).
4. After you see the display on your TV, check for and apply any software updates in Settings > About > System updates.
5. You can also change default display resolution settings via Settings-> Display & Sound -> Advanced Settings.
6. To exit Safe Mode, simply reboot your device.
Note: When in Display Safe Mode, HDCP is disabled so apps like Netflix won't be able to play content.